Majestic Dragon AeroTech Holdings (HKG:0918) expects a consolidated net loss attributable to owners of between HK$15 million and HK$17 million for the six months ended Sept. 30, wider than HK$2.1 million logged for the same period last year, a Friday Hong Kong bourse filing said.

The garments, property investment, and unmanned aerial vehicles business company attributed the increase in loss to a decrease in revenue and an increase in selling, distribution, and administrative expenses during the reporting period.

Shares of the company were down over 1% in recent trade.

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