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Recon Technology FY18 Loss Widens = Quick Facts

Recon Technology, Ltd. (RCON) reported fiscal 2018 net loss attributable to the company of RMB44.1 million, or $6.7 million, wider than net loss of RMB31.4 million in the prior year. However, loss per share narrowed to RMB3.84, or $0.58 per share, from RMB4.90 last year.

Revenue for the year grew 41.1 percent to RMB84.7 million or $12.8 million, from 60.1 million in the prior year. The increase in revenues was accomplished through the addition of new clients and development of new business.

Recon Technology is China's first listed non-state-owned oil and gas field service company on Nasdaq.

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