Shui On Land (HK:0272) has released an update.
Despite a challenging first half of 2024, with China’s economy and property sector under pressure, Shui On Land managed to record a profit of RMB 183 million, a significant decline from the previous year. The company’s commercial property portfolio proved resilient, with a 16% increase in rental income and a commitment to prudent capital management. Additionally, the company received recognition for its sustainability efforts, including a Climate Leadership Award.
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