China Resources Land (HK:1109) has released an update.
China Resources Land Limited reported a decrease in gross contracted sales and GFA by 9.8% and 24.7% year-on-year for July 2024, with overall figures for the year also down by 25.2% and 25.6% respectively. However, the company’s recurring business revenue saw a 13.7% increase in the same month, with a significant 14.1% rise in the first seven months compared to the previous year. Notably, rental income from their investment property business grew by 16.1% year-on-year.
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