WSP Holdings Ltd. (WH) Tuesday reported a wider loss for the first quarter on lower revenues as well as weak margins.
The Wuxi, China-based company's attributable net loss for the first quarter was $16.6 million or $0.81 per ADS, compared to $13.7 million or $0.67 per ADS last year.
Total revenues for the quarter dropped 1.3 percent to $129.5 million from $131.2 million in the prior-year quarter.
For the quarter, gross margin decreased to 2.1 percent from 9.1 percent in the year-ago quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.