Recon Technology Q3 Loss Narrows - Quick Facts

(RTTNews) - Recon Technology Ltd. (RCON) reported that net loss attributable to the company for the third-quarter shareholders was RMB1.5 million ($0.3 million), or RMB0.32 ($0.05) loss per share, compared to a loss of RMB1.9 million, or RMB0.43 loss per share, for the same period of last fiscal year.

Adjusted net income attributable to shareholders was RMB1.3 million ($0.2 million), or RMB0.28 ($0.05) per shares, compared to adjusted net loss attributable to common shareholders of RMB0.1 million, or RMB0.03 loss per share last year.

Total revenues increased by 9.8%, to RMB20.0 million or $3.3 million from RMB18.2 million for the same period of last fiscal year. The increase in total revenues was mainly related to demand of our automation business from its related parties.