Meituan Swings to Loss in H1

MT Newswires Live
Aug 28

Meituan's (HKG:3690) swung to an attributable loss of 4.67 billion yuan in the first half from an attributable profit of 10.4 billion yuan in the year-ago period, according to a Friday filing with the Hong Kong Exchange.

The Chinese food and hotel booking platform logged a loss per share of 0.82 yuan compared with earnings per share of 1.61 yuan in the prior-year period.

Revenue grew 10% year over year to 195.7 billion yuan from 177.7 billion yuan.

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