"Performance" TRAD CHI MED reports a mid-term loss of 108 million RMB, turning from profit to loss

China Traditional Chinese Medicine (00570.HK) announced its interim results for the six months ending in June, with revenue of RMB 7.463 billion, a year-on-year decrease of 11%; gross profit of RMB 3.635 billion, down 10.5%. It recorded a loss of RMB 108 million, compared to a net profit of RMB 211 million in the same period last year, turning from profit to loss; loss per share of 2.14 cents. No dividend was declared.

In the first half of the year, goodwill impairment of approximately RMB 242 million was recognized