Summary by Moomoo AI
The mid-term financial report of Logan Group Limited for the six months ended June 30, 2024, shows a group revenue of approximately RMB 14,053.4 million, an increase of about 1.4% from the same period last year. The group incurred a loss of RMB 1,800.1 million during the period. During the reporting period, the group faced deep adjustments in the China real estate market, with a year-on-year decrease in national real estate development investment, and a decline in both the sales area and sales volume of commercial real estate. Nevertheless, the group actively responded to industry pressures, completed project deliveries, and honored corporate commitments. In terms of overseas debt restructuring, the group has achieved phased results with creditors, obtained refinancing loans to repay...Show More
