India, April 10 -- Shares of Lotus Technology Inc. (LOT) were gaining around 9 percent on the Nasdaq stock exchange after the luxury mobility provider reported Friday narrower loss for the fourth quarter, supported mainly by lower expenses, even though revenues declined by 40 percent from last year.
For the fourth quarter, net loss attributable to ordinary shareholders was $85.77 million or $0.14 per share, compared to loss of $439.81 million or $0.66 per share in the same quarter of last year.
On an adjusted basis, net loss was $85.75 million, compared to $442.40 million a year earlier.
Other operating income was $33.51 million compared to $2.83 million in the previous year.
Total operating expenses fell to $82.58 million from $159.09 ...