Daido Concrete (HK) has reported an attributable loss of $121.11 million for the year to April, compared to an attributable profit of $15.70 million the previous year. Losses per share were 82.16 cents against earnings per share of 10.66 cents in 1995. The company's turnover fell 20 per cent to $2.03 billion during the year. It attributed the decline in sales and the loss for the year to a significant drop in sales and volume of concrete piles, disruption in the production of spiral and water pipes due to the relocation of facilities and the delay in a Chai Wan Private Sector Participation Scheme housing project. Chairman Yasuhiko Masaki said the results of measures taken during the year to consolidated existing operations and improve efficiency should be reflected in the coming financial year's results.