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Stock impact report

Recon Technology Reports Financial Results for Fiscal Year 2019 With Revenue Reaching a New Historical High and Losses Narrowed

Recon Technology, Ltd. - Class A Ordinary Shares (RCON) 
US:NASDAQ Investor Relations: exac.com/investors
Company Research Source: PR Newswire
BEIJING, Sept. 27, 2019 /PRNewswire/ -- Recon Technology, Ltd. (Nasdaq: RCON) ("Recon" or the "Company"), a China-based independent solutions integrator in the oilfield service and environmental protection, electric power and coal chemical industries, today announced its financial results for the fiscal year ended June 30, 2019.Management CommentaryMr. Shenping Yin, co-founder and CEO of Recon stated, "We are delighted to announce another year with strong growth in our business with revenue reaching a historical high since our IPO, losses narrowed and a positive EBITDA result. With consistent implementation of our market strategy by leveraging our knowledge of China's energy industry and diversifying our revenue sources, our financial results for fiscal year 2019 increased to RMB 102.4 million in revenue from RMB 84.7 million over the same period last year. During fiscal year 2019, we have successfully accomplished our three-year performance goals set by our management in fiscal year Show less Read more
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