China Merchants Land Limited (HK:0978) has released an update.
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China Merchants Land Limited has reported a significant downturn in their financial performance for the first half of 2024, with unaudited interim results showing a loss before tax of RMB 211.362 million compared to a profit of RMB 1.532 billion in the previous year. The company experienced a sharp decline in revenue, from RMB 9.814 billion in 2023 to RMB 5.244 billion in 2024, and a comprehensive income loss for the period totaling RMB 271.085 million. This contrasts with the RMB 842.488 million comprehensive income reported during the same period last year.
For further insights into HK:0978 stock, check out TipRanks’ Stock Analysis page.
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