Hong Kong Macau International (Holdings) reported first-half net losses of $4.8 million compared with earnings of $45.7 million in the previous corresponding period. The result was affected by the weak mainland property sector, which is still suffering from the repercussions of the Government's austerity drive. Turnover rose slightly to $43.24 million from $42.45 million. Losses per share were 3.06 cents against earnings per share of 28.81 cents. No interim dividend will be paid, the same as last year. The company said it continued to be hit by the unfavourable operating environment. Hong Kong Macau said its property businesses on the mainland had been lacklustre during the period under review. It said it had cut costs in many of its projects in order to maintain sufficient working capital. The company said it was in talks with potential tenants interested in taking up retail and commercial space in one of its buildings in Guangzhou.