Tuesday, China Precision Steel Inc. (CPSL) said its first-quarter net loss was $275,191 or $0.01 per share compared with a net income of $2.9 million or $0.06 per share in the prior year period.
Revenue for the quarter was $17.0 million, down 32.8% from $25.4 million in the comparable period.
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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.