Country Garden Holdings Records Narrower Attributable Loss for Six Months to June 2024

MT Newswires Live

Jan 15, 2025

Country Garden Holdings (HKG:2007) recorded a loss attributable to owners of 12.8 billion yuan for the six months ended June 30, 2024, narrower than 48.9 billion yuan logged for the corresponding period in the prior year, a Tuesday filing with the Hong Kong Exchange said.

Losses per share attributable to owners stood at 0.46 yuan for the reporting period, compared with 1.79 yuan recorded for the year-ago period.

The property developer's revenue for the six months under review was 102.1 billion yuan, lower than 226.3 billion yuan booked a year ago.

The company also booked a loss attributable to owners of 178.4 billion yuan for the year ended Dec. 31, 2023, wider than 6.05 billion yuan logged for the corresponding period in the prior year.

Loss per share for the year stood at 6.49 yuan, compared with 0.26 yuan logged for the prior year.

The company's revenue for 2023 came in at 401.0 billion yuan, lower than 430.4 billion yuan booked for 2022.

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