First Shanghai Group has reported a $44.72 million attributable loss for the six months to June, compared with $23.8 million profit in the first half of last year, following big provisions for possible diminution of value of long-term investments. The group's operating profit grew 2 per cent to $16.32 million but this was hit by a $32.14 million provision for value declines and $21.76 million for loans to a mainland technology company. Loss per share was 4.4 cents compared with earnings of 3.5 cents last year. No interim dividend will be paid.