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FINWIRES

China Vanke's Loss Narrows 5% in Q1

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-- China Vanke (HKG:2202, SHE:000002) posted a net loss attributable to equity shareholders of 5.95 billion yuan for the first quarter, narrowing 4.7% from a loss of 6.25 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.

Shares of the developer were down over 1% in Thursday afternoon trade.

Loss per share came in at 0.4989 yuan from 0.5268 yuan a year earlier.

Revenue fell 24% to 28.9 billion yuan from 38 billion yuan in the prior-year period.

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