Euro Tech Holdings H1 Loss Widens - Quick Facts

(RTTNews) - Euro Tech Holdings Company Limited (CLWT) reported that its net loss for the six months ended June 30, 2013 widened to about $146,000 from last year's $120,000, primarily due to the decrease in profit contribution from the two affiliates (Blue Sky and Jia Huan) in air pollution control business by $162,000.

Gross profits decreased by 2.1% to about $2.59 million compared to about $2.65 million last year. The decrease was mainly due to the keen price competition under the unfavorable economic conditions.

Total revenues for the period were about $9.40 million, a 4.9% increase as compared to approximately $8.96 million last year. This increase was primarily attributable to the increase in revenues from trading and manufacturing activities.