Melbourne Enterprises (HKG:0158) made an attributable loss of HK$141.5 million for the six months ended March 31, compared with an attributable profit of HK$19 million in the year-ago period, according to the firm's interim report posted on the Hong Kong bourse on Monday.
Loss per share in the interim period was HK$5.66, whereas the company had made earnings per share of HK$0.76 a year prior.
The property investor's revenue rose 3% to HK$81.9 million in the first fiscal half from HK$79.9 million in the corresponding period of the last fiscal year.
The company attributed the swing to loss mainly to a higher decrease in the fair value of investment properties in the half year.
The firm declared an interim dividend of HK$1.7 per share for the period.
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