STOCKS | Dida Chuxing Swings To Adjusted Loss In Interim Results

Dida Chuxing (2559) reported interim results for the six months ended June 30, with revenue of RMB165 million, down 42.29% year on year, and gross profit of RMB104 million, down 45.57%, according to Ming Pao. The company posted a shareholder loss of RMB62.3 million, narrower than the RMB134 million loss a year earlier, and did not declare an interim dividend. Adjusted loss, calculated after share-based payment expenses, was about RMB56.9 million, reversing from a profit in the prior period.