Business & Finance
Concord Medical incurs higher net loss of CNY101.8m for first half 2017
28 August 2017 -

Hospital company Concord Medical Services Holdings Limited (NYSE:CCM) stated on Friday its its net loss of CNY101.8m for the six months ended 30 June 2017.

This marks a decline in earnings when compared with a lower net loss attributable of CNY50.4m in the same period last year.

Both basic and diluted loss per American Depositary Share (ADS) in the first half of 2017 were CNY2.34, a fall from CNY1.15 in the same period last year.

Total net revenues of CNY206.2m were collected in the first half of 2017, a dip of 19.0% over total net revenues of CNY254.6m in the same period last year.

Negative Adjusted EBITDA (non-GAAP) of CNY3.9m was recorded in the first half of 2017, down versus CNY68.6m in the same period last year.

(USD1=CNY6.63)

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