Yuexiu Property Co (DE:GUZA) has released an update.
Yuexiu Property Company Limited reported a modest year-on-year increase of 1.5% in contracted sales for August 2024, despite a significant 13.7% drop in gross floor area sold. The cumulative contracted sales for January-August 2024 saw a substantial decline of 30.9% compared to the same period last year, achieving only 47.9% of their annual sales target. The company did not acquire any new land in August and advises investors to treat these unaudited figures with caution.
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