tiprankstipranks
China Resources Land Reveals Mixed 2024 Results
Company Announcements

China Resources Land Reveals Mixed 2024 Results

China Resources Land (HK:1109) has released an update.

Don't Miss Our Christmas Offers:

China Resources Land Limited reported mixed performance for June 2024, with gross contracted sales increasing by 19% year-on-year to RMB32.00 billion, despite a 8.1% decrease in contracted Gross Floor Area (GFA). The company’s half-year figures also reflected a downturn, with gross contracted sales and GFA dropping by 26.7% and 25.7% respectively compared to the previous year. However, recurring business revenue and rental income from investment properties showed robust growth, with a 17.2% and 16.6% year-on-year increase for the month of June, and a 14.2% and 16.5% increase respectively for the first half of 2024.

For further insights into HK:1109 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskChina Resources Land Sees November Sales Boost
TipRanks HongKong Auto-Generated NewsdeskChina Resources Land Secures Major Shenzhen Land Deal
TipRanks HongKong Auto-Generated NewsdeskChina Resources Land Secures CNH1 Billion Loan
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App