Friday, China Energy Recovery Inc. (CGYV.OB) said its third-quarter net loss was $117,006 compared with a net income of $244,856 in the prior year period. The company reported a break even per share in comparison with a profit of $0.01 per share last year. Revenues for the quarter decreased to $6.06 million from $6.12 million in the year-ago period.
Net loss for the nine months ended September 30 was $746,108 or $0.02 per share versus a net income of $809,088 or $0.03 per share, in the same period last year. Revenues for the period declined to $14.94 million from $15.98 million in the earlier period.
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