Shimao Group Narrows Loss by 61% in H1; Shares Slide 3%
MT Newswires Live
Aug 28
Shimao Group (HKG:0813) narrowed its attributable loss by 61% to 8.93 billion yuan in the first half of 2025 from 22.7 billion yuan a year prior, a late Wednesday Hong Kong bourse filing said.
Shares of the property company were down nearly 3% in Thursday afternoon trading.
Loss per share was 2.36 yuan, down from 5.98 yuan in the year-ago period.
Revenue for the interim period fell 49% to 14.8 billion yuan from 29.2 billion yuan in the corresponding period of the last year.
The firm attributed the lower loss to a decrease in other losses.
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