Chen Hsong Holdings (00057) said it reported a loss attributable to equity holders of HK$59.448 million for the six months ended 30 September 2015, as compared to the profit of HK$20.15 million for the same period last year.
Basic and diluted loss per share was HK9.4 cents.
The revenue was HK$651 million, a decrease of 23.8% from a year earlier.
The Group recorded its first ever loss since listing in 1991, mainly due to the reform of the Renminbi currency exchange policies by the Central Government announced on 11 August this year as well as lowering of official daily Renminbi mid-point trading prices against the US Dollar, which directly resulted in an immediate devaluation of the Renminbi by more than 3%. This event had caused the Group suffered serious foreign exchange loss, without which the loss attributable to equity holders would have been only HK$16 million (2014: profit of HK$19 million).
The proposed interim dividend is HK1.2 cents (2014: HK1.2 cents) per share, payable on or about 13 January 2016.
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