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
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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
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