China Great Land Holdings says it has recorded a loss for the first half of the year

SINGAPORE - China Great Land Holdings has issued a profit warning, saying it has recorded a loss for the half year ended June 30.

Property market tightening by the Chinese government to curb speculation has "led to a slowdown in the group's revenue and this has inevitably resulted in the company recording a loss for half year", the firm said in a statement released on the Singapore Exchange on Thursday.

Further details of company's performance will be disclosed when it releases its unaudited financial results for the first half of the year, it said.