Red Star Macalline's Nine-Month Loss Widens as Revenue Falls

MT Newswires Live

2024/11/01

Red Star Macalline's (HKG:1528, SHA:601828) attributable loss widened to 1.89 billion yuan in the nine months ended Sept. 30 from 546.6 million yuan in the year-ago period, according to a Wednesday filing with the Hong Kong Exchange.

Loss per share at the real estate company widened to 0.43 yuan from 0.13 yuan in the previous year.

Revenue declined to 6.11 billion yuan from 8.68 billion yuan a year earlier.

Shares slipped 1% during Friday's trading.

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