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China Uptown Group Halves Loss in H1 as Revenue Soars
China Uptown (02330.HK) had a net loss of approximately 16.41 million yuan for the interim period.
On August 30, Guolonghui announced that in the middle of 2024, the group's revenue will come solely from its trade business, amounting to approximately RMB 23,328,000 (in 2023: RMB 4,468,000 all coming from property development and investment business). The company's shareholders are expected to incur a loss of approximately RMB 16,414,000 (in 2023: RMB 32,831,000), due to lower gross profit generated from trade business and provisions made for the sale of properties and properties under construction.
CHINA UPTOWN: INTERIM RESULTS FOR THE SIX MONTHS ENDED30 JUNE 2024
China Uptown Group Schedules Key Financial Review
China Uptown (02330.HK) plans to hold a board of directors meeting on August 30th to approve the mid-term performance.
China Uptown (02330.HK) announced that the board of directors will hold a meeting on Friday, August 30, 2024 to consider and approve (including) the unaudited interim performance and interim dividend announcement of the company and its subsidiaries until June 30, 2024.
China Uptown Group Completes Shares Issuance
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