China Huajun Group Narrows Loss in H1

MT Newswires Live09-05

China Huajun Group (HKG:0377) recorded a loss attributable to shareholders of 408 million yuan for the six months ended June 30, narrower than the 1.29 billion yuan logged for the corresponding period last year, according to a Wednesday filing with the Hong Kong Exchange.

Loss per share stood at 6.63 yuan for the reporting period, compared with 20.94 yuan recorded for the year-ago period.

The packaging products manufacturer's revenue for the first half of this year was 615.5 million yuan, nearly 70% lower than the 2.02 billion yuan booked a year ago.

The company attributed the decrease in overall revenue to lower property and investment revenue.

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