Logan Property Holdings Co (HK:3380) has released an update.
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Logan Property Holdings Co. reported a net loss of RMB 1.8 billion for the first half of 2024, with revenue reaching RMB 14.05 billion amidst a challenging real estate market. The loss is attributed to low gross profit margins and inventory impairment provisions, even as their total assets stand at RMB 226.49 billion. These unaudited interim results reflect the ongoing industry downturn and the company’s financial performance.
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