Jade Technologies Holdings says it had pared its net loss by 53.9% to $18.2 million for the full year ended Sept 30, 2009 (FY2009) from $39.3 million the previous year (FY2008).
The reduction in net loss was the result of the completion of its corporate restructuring exercise, says Jade Technologies. The group had divested its loss-making subsidiary Jade Precision Engineering (JPE), unwound its other investments and discontinued its coal-mining operations at Mount Galugua, West Sumatra, resulting in substantial reduction in operating expenses.



