logo
Share SHARE
FONT-SIZE Plus   Neg

China Armco Metals Q4 Loss Narrows

China Armco Metals Inc. (CNAM: Quote) Friday reported fourth-quarter net loss of $1.51 million or $0.10 per share, compared to $1.6 million or $0.11 per share last year.

Sales for the quarter declined 61 percent to $9.46 million from $24.5 million last year, due mainly to the sharp price changes and market uncertainty. Gross margin, or percentage of sales left after deducting production cost, increased to 5.5 percent from 3.1 percent last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Internet giant Google Inc. (GOOGL, GOOG) has launched a new online flight search tool that makes it easy to find out the best flight deal. The tool dubbed "Google Flights" provides a calendar that one can scroll through and see the lowest fare highlighted for each day. One can also use the lowest... Hyperloop Transportation Technologies, a start-up that has adopted Elon Musk's ambitious project of high-speed transportation system, plans to build a Hyperloop test track in California and completed as early as 2016. Hyperloop Test Technologies, a crowd-funded company, plans to take Musk's dream... Colors have set the social media afire after an otherwise innocuous photo of a bodycon dress kept users guessing as to what hues permeate it. Opinions are divided, with some seeing the dress as white and gold, and others as blue and black. The photo was posted on Tumblr by a user called Swiked.
comments powered by Disqus
Follow RTT