China Resources Land Sees Strong October, Yearly Sales Dip

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

China Resources Land Limited reported a significant increase in its October 2024 performance, with gross contracted sales rising by 12.4% year-on-year to RMB31 billion and recurring revenue up by 17.3%. However, despite the strong monthly performance, the overall year-to-date figures show a decline in gross contracted sales by 22.4% compared to the previous year. Investors are advised to interpret these preliminary figures with caution.

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