Million Cities to Shrink Loss in 2024

MT Newswires Live

2025/03/13

Million Cities (HKG:2892) expects an attributable loss of between 109 million yuan and 209 million yuan for the year 2024, down from 482.3 million yuan a year prior, a Wednesday filing with the Hong Kong bourse said.

The property developer attributed the anticipated shrinking of loss mainly to a significant decline in impairment provisions made for the properties of its subsidiaries and associated companies.

Price (HKD): $0.20, Change: $-0.0010, Percent Change: -0.50%

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