Glory Sun Land Group Reports Steep Losses

Glory Sun Land Group Limited (HK:0299) has released an update.

Glory Sun Land Group Limited reported a significant increase in gross loss and a substantial net loss for the six months ended June 30, 2024, compared to the same period in 2023. The company experienced a notable fair value loss on investment properties and a hefty impairment loss on prepayment for a development project. Overall, the group’s financial performance has faced challenges, with total comprehensive income also showing a steep decline.

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