Synutra International, Inc. (SYUT) reported a net loss for the third quarter of $13.3 million or $0.23 per share, compared to net income of $10.3 million or $0.18 per share for the year-ago quarter.
Net sales for the third quarter fell to $73.23 million from $114.36 million a year ago.
Looking forward to the fourth quarter, the company forecast revenue of about $82 million to 87 million and a net profit of $1 to 3 million.
For the full year of fiscal 2013, we currently expect revenue in the range of $275 million to 280 million and a net loss of $65 million to 67 million.
Previously, the company expected revenue of $300 to $350 million and a net loss of $30 million to $50 million for the full fiscal year 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.