Times China Holdings Sees Steep Decline in Mid-Year Financials

Times China Holdings (HK:1233) has released an update.

Times China Holdings Limited has reported a significant downturn in its financial performance for the first half of 2024, with contracted sales plummeting by 54.5% and revenue dropping by 38.7% compared to the same period in 2023. The company also faced an increased loss of RMB2,831.4 million, more than doubling the loss from the previous year. Despite these challenges, the company has taken measures to manage costs and control expenditures effectively.

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