China Ever Grand Faces Worsened Half-Year Losses

China Ever Grand Financial Leasing Group Co., Ltd. (HK:0379) has released an update.

China Ever Grand Financial Leasing Group Co., Ltd. reports a significant increase in revenue for the first half of 2024, with total revenue reaching HK$47,023,000 compared to HK$20,491,000 in the same period of 2023. Despite the revenue growth, the company faced a substantial net loss of HK$43,591,000 due to increased other losses and higher impairment losses, worsening from a loss of HK$23,525,000 last year. The financial results indicate a challenging period for the company with increased costs overshadowing revenue gains.

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