Ganglong China Warns of Wider Loss in 2025

MT Newswires Live

03/17

Ganglong China Property (HKG:6968) expects a loss and total comprehensive expenses of up to 2 billion yuan for the year 2025, compared with 982 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.

The property developer attributed the forecast to a lower revenue from contracts with customers and a downward trend on the firm's gross profit margin.

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