China BAK Battery, Inc. (CBAK) reported fourth quarter net loss of $1.36 million or $0.02 per share, compared to a net income of $1.47 million or $0.03 per share last year.
Net revenues for the quarter dropped to $57.55 million from $72.74 million in the previous year.
Looking ahead, the company expects fiscal 2010 revenue to be in the range of $270 million to $310 million.
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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.