Kaisa Group Holdings Ltd. (HK:1638) has released an update.
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Kaisa Group Holdings Ltd. reported a significant downturn in its financial performance for the first half of 2024, with total revenue dropping by 60% and losses increasing by 36.3%. The property developer also experienced a sharp decline in gross profit, which fell by 75%, and contracted sales, which plummeted by 70.8%, leading to the decision not to declare an interim dividend.
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