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Real Estate Giant Evergrande’s Half-Year Profits Sliced in Half

2019年08月30日 20:36 来源于 财新网
Nation’s third-largest real estate firm blames 25% reduction in delivered property area for plunging revenue and profits
Real estate giant Evergrande's first-half profit plunged by 51.6% amid a slowing housing market. Photo: IC Photo

China Evergrande Group reported a plunge in sales for the first half of the year amid a cooling housing market, as the real estate giant sought to explain why it has postponed listing its core unit on the Chinese mainland.

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