China Overseas Land & Investment (HK:0688) has released an update.
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China Overseas Land & Investment Limited reported a robust financial performance in the third quarter of 2024, with revenue hitting RMB22.65 billion and operating profit at RMB2.13 billion. Amidst a challenging property market, the company strategically expanded its land reserves and maintained a strong financial position, benefiting from economic stimulus measures in China. With its low net gearing and borrowing costs, the company is poised for steady growth despite industry challenges.
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