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Banro continues its slide

Banro (CN:BAA) shareholders knew the company’s second-quarter financials would be weak, but that knowledge didn’t prevent them from selling the stock further on the news, continuing what has been a year to forget for the Democratic Republic of Congo-focused company.

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Revenue for the quarter fell by 30% to US$41.9 million from the year-before quarter, while the company’s net loss ballooned to $21.8 million from $14.3 million.

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