China Resources Land (HK:1109) has released an update.
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China Resources Land Limited reported mixed performance for June 2024, with gross contracted sales increasing by 19% year-on-year to RMB32.00 billion, despite a 8.1% decrease in contracted Gross Floor Area (GFA). The company’s half-year figures also reflected a downturn, with gross contracted sales and GFA dropping by 26.7% and 25.7% respectively compared to the previous year. However, recurring business revenue and rental income from investment properties showed robust growth, with a 17.2% and 16.6% year-on-year increase for the month of June, and a 14.2% and 16.5% increase respectively for the first half of 2024.
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