Glorious Property Revenue Up Despite Market Challenges

Glorious Property Holdings Limited (HK:0845) has released an update.

Glorious Property Holdings Limited reported a significant revenue increase to RMB2,326.9 million, up 382.5%, but also a loss of RMB617.0 million for the first half of 2024, which is a 10.1% decrease in losses from the previous year. Amidst a challenging global economic climate and a cooling real estate market, the company did not declare an interim dividend, mirroring the previous year’s decision.

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