Greenland HK (00337) announced that based on the group's six months ended June 30, 2024 (2024...
Wisetong Financial APP News, Greenland HK (00337) announced that based on the preliminary review of the unaudited comprehensive management accounts of the group for the six months ended June 30, 2024 (first half of 2024), it is expected that the group will incur a loss attributable to owners of the company ranging from approximately RMB 0.4 billion to RMB 0.6 billion for the six months ended June 30, 2024, while a profit attributable to owners of the company of approximately RMB 81.9 million was recorded for the six months ended June 30, 2023. The decrease is mainly due to reduced property deliveries in the first half of 2024, lower gross margin recognition in the real estate business, and an increase in fair value losses on investment properties.