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. Last Updated: 07/27/2016

Sitronics’ Q4 Results

Sitronics reported a wider fourth-quarter loss on Thursday after it wrote down the value of inventory, investments and assets.

The net loss was $37.3 million compared with a $7.8 million loss a year earlier, Sitronics said Thursday. The company said it had $73 million of impairment losses and provisions for accounts receivable in the quarter.

(Bloomberg)