Titanium Asset Management Posts Narrower Q4 Loss

Titanium Asset Management reported a narrower fourth-quarter net loss. Titanium Asset Management's quarterly total operating revenue surged to $7.11 million, from $5.58 million, in the year-ago period. Its adjusted EBITDA rose to $1.39 million, from $541,000. Its operating loss narrowed to $1.05 million from $11.11 million, while net loss narrowed to $929,000 from $11.17 million.