Times Neighborhood Holdings (HKG:9928) recorded a profit attributable to owners of the parent of 40.7 million yuan for the six months ended June 30, against an attributable loss of 243.6 million yuan logged for the corresponding period last year, a Wednesday filing with the Hong Kong Exchange said.

Earnings per share attributable to ordinary equity holders of the parent stood at 0.04 yuan for the reporting period, compared with a loss per share of 0.25 yuan recorded for the year-ago period.

The property company's revenue for the first half of this year was 1.15 billion yuan, 5.8% lower than 1.22 billion yuan booked a year ago.

The company attributed the decrease in revenue to a decrease in revenue from property management services and value-added services to non-property owners after the adjustment in the group's business structure.

The company's shares were down 4% in recent trade.

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