HomeNewsBusinessEarningsChina developer Evergrande posts new losses for first half of the year

China developer Evergrande posts new losses for first half of the year

The developer's January-June losses were 33 billion yuan ($4.53 billion)

August 27, 2023 / 20:51 IST
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Evergrande Group
Evergrande Group

Heavily indebted Chinese property giant Evergrande Group on Sunday posted losses for the first half of the year, adding to its financial woes.

The developer's January-June losses were 33 billion yuan ($4.53 billion), compared to 66.4 billion yuan lost in the same period last year, according to a statement published on the Hong Kong Stock Exchange website.

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AFP
first published: Aug 27, 2023 08:51 pm

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