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China Evergrande Reports CNY39 Billion Net Loss In H1

MNI (Singapore)

China Evergrande, the world's most-indebted property developer, said on Sunday that its January-June net loss was CNY39.25 billion, while it recorded a revenue of CNY128.18 billion. According to its interim financial report, its condition of liabilities has not improved significantly, with total debt standing at CNY2.39 trillion. The company, which has had trading in its shares suspended since April 1, 2022, said it will resume trading on Monday. Before the suspension, its share price was HKD1.65 per share, with a total market value of HKD21.79 billion. (Source: 21st Century Business Herald)

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