China NewCity (01321) announced its interim performance for the six months ended on June 30, 2024, during which the group achieved...
Zhongtong Finance and Economics APP News, China NewCity (01321) announced its interim performance for the six months ended on June 30, 2024. The group's revenue reached 2.922 billion yuan (RMB, the same below), a year-on-year increase of 256.9%; the net profit attributable to shareholders was 0.378 billion yuan, compared to a shareholder loss of 66.669 million yuan in the same period of the previous year, turning the loss into a profit; the basic earnings per share were 18.79 cents.
The announcement stated that the increase in revenue was mainly due to the increase in property sales business by approximately 2.158 billion yuan compared to the same period in 2023, with the International Office Center (IOC) A2 and Mingcai City contributing property sales amounts of approximately 2.506 billion yuan and 0.149 billion yuan, respectively.
