"Performance" SOUTHGOBI lost USD 56.05 million in the first nine months, turning from profit to loss

SOUTHGOBI (01878.HK) announced its performance for the first nine months ending in September, with revenue of USD 427 million, an increase of 34% year-on-year. It recorded a loss of USD 56.05 million, compared to a net profit of USD 20.21 million in the same period last year, turning from profit to loss; the loss per share was 18.9 cents. For the third quarter alone, the loss was USD 7.04 million, compared to a net profit of USD 10.04 million in the same period last year