Origin Agritech Limited (SEED) Reports Q2 Loss Per Share of of RMB0.80
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Origin Agritech Limited Reports Unaudited Financial Results for the Third Quarter Fiscal 2016
August 11, 2016 6:30 AM EDTBEIJING, Aug. 11, 2016 /PRNewswire/ --
--3Q16 Total Net Revenue Increases 12.1% YoY-- --3Q16 Non-GAAP Operating Loss Narrows YoY-- --Achieves Positive Operating Cash Flow in 3Q16--
Origin Agritech Limited (NASDAQ: SEED, "Origin" or the "Company"), a technology-focused supplier of crop seeds in China today announced its unaudited financial results for the third quarter of fiscal 2016 ended June 30, 2016 ("GAAP").
Mr. Shashank Aurora, Chief Financial Officer of Origin, commented, "The sum of recognized revenue and deferred revenue as of June 30, 2016 was RMB473.9 million, or US$71.5 million, an increase of 6.0% compared... More
