Central China Real Estate (HKG:0832) expects a loss attributable to equity shareholders of roughly 1.1 billion yuan to 1.5 billion yuan for the six months ended June 30, compared with a loss of about 2.6 billion yuan a year earlier, according to an Aug. 15 Hong Kong bourse filing.

Shares of the property developer were down nearly 2% in Monday's late-morning trade.

The narrower loss reflects a slower decline in revenue and gross margins amid a sluggish property market, partially offset by impairment provisions for inventories and receivables.

Central China Real Estate is finalizing its interim results, expected to be published by the end of August.