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On the evening of November 9, Beijing time, Sina Technological News reported that Baishi Logistics (NYSE: BSTI) today released its third quarter financial report for the fiscal year ended September 30, 2008, with revenue of 7.189.3 billion yuan ($1.046.8 billion), an increase of 34.3% over the same period last year. Net loss of 51 million 100 thousand yuan (about 7 million 400 thousand U.S. dollars), a year-on-year reduction of 89.1%. The net loss of RMB 101.4 billion (about US$14.8 million) was 44.9% lower than that of the previous year.
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