Chinese machine maker TST curbs first-half losses

Tianjin, China – Tianjin Saixiang Technology (TST) posted a 41% rise in revenue to €23 million (177 million yuan) over the first six months in 2017, according to its half year report released in August.

Net loss before non-recurring items was €21,400, compared to €3 million in H1 2016, although with compensations from the government and the holding company TST saw €6 million overall net profit during the period.

Overseas sales accounted for over two thirds of the company’s total revenue, compared to a mere 20% in…

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