Provision reduction lifts Stone

PUBLISHED : Thursday, 25 April, 2002, 12:00am
UPDATED : Thursday, 25 April, 2002, 12:00am

Electronic products manufacturer and distributor Stone Electronic Technology saw its net loss narrow 43 per cent due to sharply reduced provisions for Nasdaq-listed Internet portal Sina.com's shares. The company's net loss was HK$123.14 million last year from HK$241.26 million in 2000.