Modern Land released its mid-term results for 2024, with a loss attributable to shareholders of 3.794 billion yuan, an increase of 278.42% year-on-year

Zhitong
2025.09.30 14:04
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Modern Land released its interim results for 2024, reporting revenue of RMB 1.004 billion, a year-on-year decrease of 69.88%; a loss attributable to shareholders of RMB 3.794 billion, a year-on-year increase of 278.42%; and a basic loss per share of 135.7 cents. The decrease in revenue was mainly due to a reduction in delivery area, with property sales revenue decreasing by approximately RMB 2.323 billion year-on-year

According to the Zhitong Finance APP, Modern Land (01107) announced its unaudited consolidated interim results for the six months ending June 30, 2024. The group recorded revenue of RMB 1.004 billion, a year-on-year decrease of 69.88%; the loss attributable to shareholders was RMB 3.794 billion, a year-on-year increase of 278.42%; basic loss per share was 135.7 cents.

The announcement stated that the decrease in revenue was mainly due to a reduction in the area delivered, with property sales revenue decreasing by approximately RMB 2.323 billion year-on-year

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