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 decrease in revenue by 30.7% year-on-year in the first half of 2024 amidst a challenging real estate market in China. Despite a depressed industry with lower sales volumes and liquidity issues, the company managed to reduce its net loss by 34.6% through cost-cutting measures. Looking forward, E-House anticipates a tough operating environment but remains focused on cost control and cash flow management while working on debt restructuring to position itself for recovery.
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