WSP losses widen as exports, prices fall
Dec 31, 2012 | 02:12 PM
| Michael Cowden
PITTSBURGH WSP Holdings Ltd.s losses widened in the third quarter as lower export sales and decreased average selling prices walloped the firms bottom line.
The Wuxi, China-based energy tubulars producer posted a third-quarter net loss of nearly $22.75 million, a 37.3-percent jump from a $16.56-million loss in the same period a year earlier, on revenue that fell 25.2 percent to $141.28 million. For the nine months ended Sept. 30, WSPs net loss increased 11.1 percent to $55.05....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.