TST halves 2015 annual sales and reports loss

Tianjin, China – Chinese machinery maker TST pegged its 2015 annual sales at 362 million yuan (€50 million), down by 51 percent from 2014.

The company saw a €13 million net loss last year compared to €7 million net profit in 2014, according to its statement in February.

The statement attributed the slide to a languid market in both China and overseas. TST’s total assets also dropped by 3 percent to €238 million.