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The company's sales revenue in Q3 stood at 181 million US dollars, down 71.79 percent on year.
The company said the sales decline is an expected result of its sli ding PAS business.
But thanks to a year-on-year reduction in operating expenses, its o perating loss in the quarter went down to 34.9 million US dollars from 51.5 million US dollars in Q3, 2007 while its gross margin climbed fr om 10 percent in the year-ago period to 32 percent.
The company's loss per share in Q3 was 0.45 US dollar, compared to 0.46 US dollar during the year-ago period. Enditem
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