Origin Agritech Limited (SEED) Reports Q3 Loss of RMB0.52

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Go back to Origin Agritech Limited (SEED) Reports Q3 Loss of RMB0.52

Origin Agritech Limited Reports Unaudited Financial Results For Three Months Ended June 30, 2015

August 5, 2015 6:00 AM EDT

BEIJING, Aug. 5, 2015 /PRNewswire/ -- Origin Agritech Limited (NASDAQ GS: SEED) ("Origin", or the "Company"), a technology-focused supplier of crop seeds in China, today announced unaudited financial results for the third quarter ended June 30, 2015. Origin prepares its financial statements in accordance with generally accepted accounting principles (GAAP) of the United States.

FINANCIAL RESULTS OVERVIEW

For the third quarter of fiscal 2015, the Company reported revenues of RMB73.7 million (US$12.0 million) compared with RMB92.9 million for the three months ended June 30, 2014. Lower revenues this quarter resulted... More