Redsun Properties Group Ltd. (HK:1996) has released an update.
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Redsun Properties Group Ltd. anticipates a net loss of RMB1.5 to 2 billion for the first half of 2024; an improvement over the previous year’s RMB2.844 billion loss, owing to lower impairment provisions and a slower decline in the Renminbi exchange rate. The company cautions that these preliminary figures are based on unaudited accounts and may change upon final review. Investors are advised to await the official interim results to be published by the end of August 2024 before making any investment decisions.
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