Country Garden Services Holdings Co (HK:6098) has released an update.
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Country Garden Services Holdings Co. anticipates a revenue between RMB 20.9 and 21.2 billion and a net profit of RMB 1.47 to 1.65 billion for the first half of 2024, marking a decrease from the previous year due to prudent revenue recognition with high-risk customers and reduced investment income. Despite this, the company expects over RMB 12.2 billion in cash reserves and is implementing risk management and lean practices to improve profitability.
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