Tsinghua Tongfang's Swings to Loss in H1; Shares Up 4%

MT Newswires Live08-27

Tsinghua Tongfang (SHA:600100) swings to a net loss attributable to shareholders of 256.1 million yuan, or 0.08 yuan per share, in the first half, according to a Shanghai bourse filing on Wednesday.

The Chinese information technology company's attributable profit a year ago was 28.2 million yuan, or 0.01 yuan per share.

Operating revenue fell 10% to 5.67 billion yuan from 6.30 billion yuan in the preceding year, the filing said.

The company's shares jumped less than 4% during afternoon trade.

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