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BOE Expected to See H2 Losses of CNY 800mn.
SHANGHAI, September 30, SinoCast -- Chinese LCD panel maker BOE is expected to see losses this month. And it is going to record CNY 300 million losses in total for the third quarter. If it does not reduce the production capacity, the number will blow up to CNY 500 million in the fourth quarter.
A securities analyst forecasts that the losses are likely to reach CNY 1 billion for the second half of 2008.
In a stark contrast to its ailing performance in the second half, BOE satisfied its shareholders by posting operating sales of CNY 630 million for the first six months of 2008, with a cash flow of CNY 1.03 billion, representing an increase of 109.74% from the …
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