China Resources Land (HK:1109) has released an update.
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China Resources Land Limited reported a decrease in gross contracted sales and contracted gross floor area (GFA) by 25.1% and 17.6% year-over-year (YoY) for August 2024, and a similar downward trend YoY for the first eight months of 2024. Conversely, their recurring revenue increased by 12.2% in August, with rental income from investment properties up by 14.4%. These unaudited figures, based on internal records, are not indicative of future performance and are subject to change upon formal financial reporting.
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