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China Evergrande's First-Half Net Loss Narrowed; Shares to Resume Trading

Por: MarketWatch Business August 28, 2023

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Revenue rose to CNY128.18 billion compared with CNY89.28 billion in the same period last year mainly due to higher contributions from its property development business. Impairment losses on financial assets were only CNY643.0 million compared with CNY8.19 billion loss in the first half of 2022. Impairment losses on investments accounted for using the equity method in the first half of 2023 was nil as against CNY18.03 billion a year earlier.... + full article



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