Revenue was HKD 1.36bn, down from HKD 2.19bn the year before.
The results had been delayed while it fought to survive asuccession of lawsuits after it got into financial difficulty.
Its storage joint venture Titan Group Investment Limited (TGIL)was liquidated at a cost of HKD 1.1bn, while the Titan Quanzhou Shipyard loggeda loss of HKD 2.4bn.
Chairman Zhao Xu Guang said: “Without doubt there arechallenges and obstacles ahead.”
The
