"Performance" CHINA NEWCITY reports a mid-term loss of 35.52 million RMB, turning from profit to loss

CHINA NEWCITY (01321.HK) announced its interim results for the six months ended June, with revenue of RMB 366 million, a year-on-year decrease of 87.5%. It recorded a loss of RMB 35.52 million, compared to a net profit of RMB 378 million in the same period last year, turning from profit to loss; the loss per share is 1.77 cents. No dividend is declared