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