Greentown China Holdings (HK:3900) has released an update.
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Greentown China Holdings Limited reported a robust performance for the first half of 2024, with revenue surging to approximately RMB69.562 billion, a 22.1% increase from the previous year. The company’s profit attributable to owners also saw a notable rise of 27.5% to RMB4.949 billion. Moreover, the firm’s financial stability is highlighted by a bank balance to borrowing ratio of 2.1 times, alongside a decrease in the average interest cost of borrowings.
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