Kingdee International Narrows H1 Loss; Revenue Misses Estimates
MT Newswires Live
Aug 12
Kingdee International Software Group (HKG:0268) reported a loss attributable to owners of 97.7 million yuan for the six months ended June 30, narrowing from a loss of 217.9 million yuan a year earlier, according to a Monday Hong Kong bourse filing.
Loss per share was 0.0278 yuan, compared with 0.0612 yuan a year ago. Visible Alpha analysts had expected a loss per share of 0.01 yuan.
Revenue rose over 11% to 3.19 billion yuan from 2.87 billion yuan in the prior-year period. Analysts polled by Visible Alpha forecast revenue at 3.20 billion yuan.
Shares of the tech firm were down over 1% in Tuesday morning trade.
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