UPDATE: China Ceramics Co., Ltd. (CCCL) Reports FY17 EPS Loss of $3.90 on Revenues of $121.7M

China Ceramics Co., Ltd. (NASDAQ: CCCL) reported FY17 EPS of ($3.90). Revenue for the quarter came in at $121.72 million, versus $0 reported last year.

Fiscal Year 2017 Summary

• Revenue was RMB 821.8 million (US$ 121.7 million), as compared to RMB 793.7 million (US$ 118.3 million) for fiscal year 2016.
• Gross profit was RMB 50.4 million (US$ 7.5 million), as compared to a gross loss of RMB 30.1 million (US$ 4.5 million) for fiscal year 2016.
• Net loss was RMB 88.0 million (US$ 13.0 million), as compared to a net loss of RMB 321.8 million (US$ 48.0 million) for fiscal year 2016.
• Loss per share on a basic and fully diluted basis were RMB 26.36 (US$ 3.90), as compared to basic and fully diluted earnings per share of RMB 116.51 (US$ 17.36) for fiscal year 2016.
• Loss from asset devaluation resulting from an impairment of fixed assets including land use rights was RMB 36.7 million (US$ 5.5 million) for fiscal 2017, as compared to an impairment of fixed assets of RMB 230.4 million (US$ 34.3 million) for fiscal 2016.
• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was RMB 42.9 million (US$ 6.4 million), adjusted for the write-off of fixed assets, land use rights and bad debt expense, as compared to RMB 56.4 million (US$ 8.4 million), adjusted for the write-off of fixed assets and slow-moving inventory for fiscal year 2016.

For earnings history and earnings-related data on China Ceramics Co., Ltd. (CCCL) click here.

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