China Resources Land (HK:1109) has released an update.
China Resources Land Limited reported a decrease in gross contracted sales and contracted GFA in September 2024, with figures down 36.5% and 16.7% year-over-year, respectively. Despite the downturn in these areas, the company experienced a growth in recurring revenue, with rental income from its investment property business increasing by 7.1% in September and 14.8% for the first nine months, year-over-year. These preliminary figures are based on internal management records and are not indicative of future performance.
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