Fuwei Films (FFHL) Reports Q3 Loss of $0.08 on Revenues of $12.65M

Fuwei Films (NASDAQ: FFHL) reported Q3 EPS of ($0.08). Revenue for the quarter came in at $12.65 million.

Mr. Zengyong Wang, Chairman and CEO of Fuwei Films, commented, "While we continued to be adversely affected by intense competition and increased supply over demand in China's BOPET market, our net sales and the sales of specialty films increased. We are glad to announce that the sales of specialty films accounted for 52.2% of the total revenues for the third quarter of 2018. We believe the improvement of our financial metrics benefits from continued implementation of differentiation strategy. Looking ahead, encouraged by this positive trend, we believe our commitment to innovation and R&D will enable us to capitalize on market opportunities and as a result expect to realize profits despite challenging industry and economic conditions."

For earnings history and earnings-related data on Fuwei Films (FFHL) click here.

You May Also Be Interested In

• Constellation Brands (STZ) Beats Q2 EPS by 13c, Revenue Beats, Offers Guidance
• Lamb Weston shares jump 3% on Q1 beat-and-raise
• Clarivate completes $600M sale of life sciences unit to Altaris