Sino-Ocean Group Holding (HK:3377) has released an update.
Sino-Ocean Group Holding Limited has announced a significant reduction in losses for the first half of 2024 compared to the same period in 2023, with expected losses decreasing by approximately 67.3% to 75.5%. This improvement is primarily due to lower impairment provisions for property projects and reduced share of losses from joint ventures and associates. Investors are encouraged to exercise caution and await the company’s interim results due by the end of August 2024 for further details.
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