E-House (China) Enterprise Holdings Limited (HK:2048) has released an update.
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E-House (China) Enterprise Holdings Limited reported a significant revenue drop of 30.7% year-on-year in the first half of 2024 amidst a challenging real estate market in China. Despite the downturn, the company managed to reduce its net loss by 34.6% through cost-cutting measures and achieved a slight operating profit in its main business units excluding certain expenses. The company is actively working on restructuring its offshore debt and remains focused on cost control to maintain operations in anticipation of a potential market recovery.
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