China Aoyuan Reports Remarkable Mid-Year Turnaround

China Aoyuan Group (HK:3883) has released an update.

China Aoyuan Group Limited has reported a significant turnaround with a profit of RMB 22.1 billion for the six months ending June 30, 2024, compared to a loss in the same period the previous year. The interim results show a striking improvement in other income, gains, and losses, which contributed to the overall profitability despite a decrease in total revenue. The earnings per share have also seen a substantial increase, reflecting positively on the company’s financial recovery.

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