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United Nova Technology's Attributable Loss Narrows in Q1; Shares Slide 5%

-- United Nova Technology's (SHA:688469) attributable loss narrowed to 88.4 million yuan in the first quarter from 182.3 million yuan in the year-ago period, according to a Tuesday filing with the Shanghai bourse.

The power discrete and modules manufacturer logged a loss per share of 0.01 yuan, narrowing from 0.03 yuan in the prior-year period.

Operating income grew 13% year over year to 1.96 billion yuan from 1.73 billion yuan.

Shares decreased 5% during the midday break on Tuesday.

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