Poly Property Group Reports Lower Mid-Year Profits

Poly Property Group Co (HK:0119) has released an update.

Poly Property Group Co. reported a decline in profit for the first half of 2024, with earnings dropping from RMB 719 million in the previous year to RMB 248 million. Despite a decrease in revenue and increased costs impacting the bottom line, the company still managed to post a profit. The earnings per share also fell from 16.73 to 9.77 RMB cents.

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