Sunac China Holdings (HK:1918) has released an update.
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Sunac China Holdings Limited reported a decrease in revenue by 41.4%, falling to RMB34.28 billion, and a reduced gross loss of RMB1.81 billion for the first half of 2024. The company experienced a slight decline in loss attributable to owners at RMB14.96 billion, a 2.7% improvement from the previous year. The firm’s total borrowings stood at a substantial RMB277.43 billion as of June 30, 2024.
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