MAINBOARD-LISTED Yunnan Energy recorded a loss of HK$7.07 million for the six months ended June 30, more than halving from a loss of HK$15.1 million in the year-ago period, it said in a statement on Wednesday after the market close.
This made for a loss per share of 2.57 Hong Kong cents, down from 5.47 Hong Kong cents in the first half of FY2019. No dividend was declared. The firm did not release separate figures for its financial second quarter. Revenue for the first half was HK$38.4 million, down 76.5 per cent from HK$161.6 million in the year-ago period, as orders fell amid the Covid-19 pandemic.
The company distributes analytical and laboratory instruments and life sciences equipment in China. In the first half of 2020, this business was hit by the Covid-19 pandemic, with production suspended and sales activities cancelled or significantly reduced.
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