The loss includes a writedown of amounts due from the Marketing Company of $12.5 million and a provision of $5.4 million for the legal claim in the Guangdong Shenzhen People’s Court.
CANADA: Noble China announces third quarter results
Noble China Inc. (TSE:NMO.) reported a net loss for the three months ended September 30, 2000 of $17.4 million ($1.68 per share) compared with net income of $873,000 ($0.08 per share) for the same period last year.