CNA

CNA: FY13 net loss widened to $25.1m (+694%) mainly due to a $32.3m one-time writedown in receivables on its Middle East subsidiary, CNA Integrated Technologies LLC, as well as a $7.4m impairment of contracts work-in-progress and trade receivables from its strategic restructuring of operations in China. Revenue slumped 9% to $71.2m from the economic slowdown.