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Country Garden Holdings Co ( (HK:2007) ) has shared an announcement.
Country Garden Holdings reported a significant decrease in revenue, down by 54.9% year-on-year for the first half of 2024, alongside a pre-tax loss of RMB10.8 billion. Despite these financial challenges, the company continues to prioritize delivery and operational stability, leveraging new government policies aimed at stabilizing the industry. Country Garden delivered over 150,000 housing units and achieved contracted sales of RMB26.0 billion, adapting its strategies to ensure sustainable development amidst the market’s evolving demands.
More about Country Garden Holdings Co
Country Garden Holdings Co is a major real estate development company based in the Cayman Islands, with its operations primarily focused in China. The company is involved in property development and management, and it faces significant market challenges in the property sector, including declining sales rates and credit issues.
YTD Price Performance: 0%
Average Trading Volume: 3,011
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.73B
Learn more about 2007 stock on TipRanks’ Stock Analysis page.
