Zhenro Properties Reports Increased Losses Amidst Sales Decline

Zhenro Properties Group Limited (HK:6158) has released an update.

Zhenro Properties Group Limited reported a significant year-over-year decrease in contracted sales of 64.6%, with sales dropping to RMB3,427.5 million for the first half of 2024. Despite a sharp decline in sales, the company’s revenue increased to RMB24,658.4 million from RMB18,501.0 million in the same period last year. However, the company faced a deepening loss, with the loss attributable to owners reaching RMB2,343.4 million, an increase from the previous year’s RMB1,464.3 million.

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