Red Star Macalline Expects H1 Loss to Widen; Shares Fall 8%
MT Newswires Live
Jul 15
Red Star Macalline Group (HKG:1528) said it expects its H1 loss to widen year over year, according to a Hong Kong bourse filing Monday.
Shares of the home decor company fell nearly 8% in morning trade Tuesday.
The company expects an attributable loss of 1.65 billion yuan to 1.98 billion yuan for the six months ended June 30, widening from 1.34 billion yuan in the same period last year.
BBMG said it will disclose its financial results in August.
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