Luoyang Glass loss shoots up

PUBLISHED : Thursday, 27 August, 1998, 12:00am
UPDATED : Thursday, 27 August, 1998, 12:00am

H share Luoyang Glass said its interim losses swelled to 88.76 million yuan (about HK$82.59 million) in the first six months of this year, from 45.11 million yuan last year, hurt by a national production glut and falling glass product prices. Turnover fell 10.19 per cent to 268.45 million yuan. Loss per share was 12.7 fen, compared with 6.4 fen for the last corresponding period. No interim dividend was proposed.