SOHO China Faces Economic Headwinds in 2024

SOHO China (HK:0410) has released an update.

SOHO China experienced a challenging first half in 2024, with revenue dropping to RMB 799 million amidst a tough commercial property leasing market. The company maintained a stable gross profit margin of 82%, but reported a loss attributable to owners of RMB 108 million, with a net gearing ratio at 41%. Despite these setbacks, the average occupancy rate held steady at 76%.

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