Joy City Property Limited (HK:0207) has released an update.
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Joy City Property Limited reported a striking 126.2% increase in total operating revenue for the first six months of 2024, with property development revenue surging by 494.7%. Despite robust revenue growth, the company saw an 85.2% drop in profits attributable to owners, with core net profit (non-HKFRSs) also declining by 68.7%. The contracted sales rose by 40.1%, indicating a strong market demand for their properties.
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