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.
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