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Talent Property Group Swings to Loss in January to June; Shares Slip 14%

MT Newswires ·  {{timeTz}}

11:11 PM EDT, 08/31/2022 (MT Newswires) -- Talent Property Group (HKG:0760) swung to a loss attributable to owners of 87.7 million yuan ($12.7 million) in January to June, reversing a profit of 78.8 million yuan in the year prior, according to a bourse filing on Wednesday.

Loss per share reached 0.00852 yuan, compared with the earnings per share of 0.00765 yuan a year earlier.

The residential property manager's revenue dropped to 137 million yuan from 179 million yuan, while gross profit fell to 53.9 million yuan from 78.6 million yuan.

Talent Property's board did not recommend the payment of any interim dividend.

Shares slipped 14% in recent trade.

Price (HKD): $0.02, Change: $0.00, Percent Change: -14.29%

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