E-House (China) Enterprise Holdings Limited (HK:2048) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
E-House (China) Enterprise Holdings Limited reported a significant revenue drop of 30.7% year-on-year in the first half of 2024 amidst a challenging real estate market in China. Despite the downturn, the company managed to reduce its net loss by 34.6% through cost-cutting measures and achieved a slight operating profit in its main business units excluding certain expenses. The company is actively working on restructuring its offshore debt and remains focused on cost control to maintain operations in anticipation of a potential market recovery.
For further insights into HK:2048 stock, check out TipRanks’ Stock Analysis page.
