Ming Pao Enterprise Corp, which owns Chinese-language daily Ming Pao, slumped into a $19.2 million attributable loss in the six months to September 30 from a $15.96 million attributable profit in the corresponding period a year ago. The publisher's poor performance was reflected in a $10.67 million exceptional loss arising from the sale of printing machinery. It also reported a $5.92 million operating loss against a $21.11 million operating profit previously. Analysts said the disappointing performance underlined the competitive and lacklustre advertising market. Turnover fell 10 per cent to $609.86 million. Loss per share stood at 4.9 cents against a 4.1 cents earnings per share previously. Directors did not propose an interim dividend.