Shimao Group (HKG:0813) unit Shanghai Shimao narrowed its attributable loss for the nine months ended Sept. 30 to 1.16 billion yuan from 2.72 billion yuan a year prior, an Oct. 31 Hong Kong bourse filing said.

Shares of the property company were up nearly 2% in Monday afternoon trading.

Loss per share was 0.32 yuan in the three months, down from 0.75 yuan in the year-ago period.

The firm's operating income for the three quarters rose to 4.29 billion yuan from 3.99 billion yuan previously.