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 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.