New World Development (HKG:0017) swung to an attributable loss of HK$6.68 billion in the fiscal first half from a profit of HK$502 million in the year-ago period, according to a Friday filing with the Hong Kong Exchange.

Loss from continuing operations was at HK$5.70 billion compared with a profit of HK$1.54 billion a year earlier.

The developer incurred a loss per share from continuing operations of HK$2.64 from earnings per share of HK$0.29 a year earlier.

Revenue declined 1.6% to HK$16.8 billion from HK$17.1 billion a year earlier.