January 12, 2010 / 11:25 PM / in 8 years

UPDATE 1-Canada's Amica Mature Lifestyles posts Q2 loss

* Q2 loss C$0.02/shr vs EPS C$0.03 year ago

* Q2 rev down to C$10.3 mln

Jan 12 (Reuters) - Canada’s Amica Mature Lifestyles Inc ACC.TO posted a second-quarter loss, mainly hurt by investments it made for ownership in certain co-tenancies.

For the quarter ended Nov. 30, the company reported a loss of C$353,000, or 2 Canadian cents a share, compared with a profit of C$549,000, or 3 Canadian cents a share, a year ago.

Revenue fell to C$10.3 million from C$10.5 million.

The company, which is engaged in designing and marketing luxury homes, ended the quarter with 90.7 percent overall occupancy in mature communities, up from 89.2 percent at the end of the first quarter.

Shares of the company closed at C$5.75 Tuesday on the Toronto Stock Exchange. (Reporting by Ashutosh Joshi in Bangalore; Editing by Maju Samuel)

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