Zhenro Properties Group Limited ( (HK:6158) ) has issued an update.
Zhenro Properties Group Limited announced a reduction in its expected loss for the year ending December 31, 2024, with losses projected between RMB6,000 million to RMB7,000 million, compared to RMB8,468 million in 2023. This reduction is attributed to increased gross profit and decreased impairment provisions, despite challenges such as declining real estate demand in China and increased financing interest. The announcement highlights the company’s efforts to mitigate financial losses amid a challenging market environment.
More about Zhenro Properties Group Limited
Zhenro Properties Group Limited is a real estate company incorporated in the Cayman Islands, focusing on property development and investment in the People’s Republic of China. The company is listed on the Hong Kong Stock Exchange, engaging primarily in the development of residential and commercial properties.
Average Trading Volume: 9,947
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €25.7M
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