Guangzhou R&F Predicts Improved Financial Results
Company Announcements

Guangzhou R&F Predicts Improved Financial Results

Guangzhou R&F Properties Co (HK:2777) has released an update.

Guangzhou R&F Properties Co. alerts shareholders and potential investors to an expected net loss of RMB2.3 billion for the first half of 2024, showing an improvement from the previous year’s losses. The reduced loss is attributed to gains from property sales and slower RMB depreciation against the USD, despite ongoing challenges and reduced sales in the property sector. The company urges caution in dealing with its securities and will release detailed interim results on August 28, 2024.

For further insights into HK:2777 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskGuangzhou R&F Properties Faces Property Auction Amid Legal Disputes
TipRanks HongKong Auto-Generated NewsdeskGuangzhou R&F Announces Strong September Sales Figures
TipRanks HongKong Auto-Generated NewsdeskGuangzhou R&F Properties Faces Legal Delays
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App