Vanke Property (Overseas) (HK:1036) has released an update.
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Vanke Overseas Investment Holding Company Limited reported a significant downturn in its financial performance for the first half of 2024, with a loss of HK$29,323,000 compared to a modest profit in the previous year. The loss was attributed to increased administrative and other operating expenses, decreased revenue, and a lower increase in the fair value of investment properties. Earnings per share also reflected this decline, showing a basic and diluted loss of HK$0.08 per share.
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