Aecc Aero Science and Technology Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2019
October 29, 2019 at 04:12 pm IST
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Aecc Aero Science and Technology Co.,Ltd announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 1,649.031 million compared to CNY 1,394.125 million a year ago. Operating income was CNY 72,231.92 compared to operating loss of CNY 63.661 million a year ago. Net loss was CNY 20.312 million compared to CNY 77.319 million a year ago. Basic loss per share from continuing operations was CNY 0.06 compared to CNY 0.23 a year ago.
AECC Aero Science and Technology Co Ltd is a China-based company principally engaged in the research and development, manufacturing, sales and service of aircraft engine and gas turbine parts. The Company's main businesses include domestic aviation and derivative products business segment and foreign trade subcontract products business segment. The Company is also engaged in the research and development, manufacturing, sales and service of aviation bearings, including aircraft engine bearings, helicopter transmission system bearings, aircraft body bearings and accessory bearings (motors, pumps and others). The Company distributes its products within the domestic market and to overseas markets.