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China Next-Gen Commerce Slides to Losses in Fiscal H1; Shares Drop 7%

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China Next-Gen Commerce and Supply Chain (HKG:3928) recorded SG$5.6 million in attributable loss for the fiscal first half ended March 31, sliding from a profit of SG$413,129 a year earlier, according to a Friday filing with the Hong Kong bourse.

Loss per share was SG$0.0115, compared with SG$0.0009 in the prior-year period.

Revenue fell to SG$16.3 million from SG$32 million a year earlier.

Shares of the construction company fell over 7% in morning trade Monday.

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