China Railway Corporation returns to loss in H1
(Xinhua) Updated: 2014-09-01 20:05BEIJING - The China Railway Corporation posted an after-tax loss of 5.36 billion yuan (870 million US dollars) in the first half of 2014, overturning a profit of 2.57 billion yuan in 2013.
Business revenues for the rail operator fell 2.4 percent from the same period last year to 478 billion yuan, according to an audit report posted on Chinabond.com, official website of China's bond market.
By the end of June, CRC's total liabilities had widened to 3.43 trillion yuan from 3.27 trillion yuan at the end of March 2014.
The corporation's total assets stood at 5.33 trillion yuan as of the end of June, with a debt-to-equity ratio of 64.41:35.59. The ratio was 63.93:36.07 at the end of last year.
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