Brief: China Evergrande New Energy Vehicle Sees Consol Net Loss For HY Of RMB20.254 Bln

China Evergrande New Energy Vehicle

27/08/2024 15:47

Aug 27 (Reuters) - China Evergrande New Energy Vehicle
Group Ltd  0708.HK :
    * SEES  CONSOLIDATED NET LOSS FOR SIX MONTHS ENDED 30 JUNE
2024 OF
APPROXIMATELY RMB20.254 BILLION
    * EXPECTS TO RECORD AN INCREASE IN CONSOLIDATED NET LOSS IN
FIRST
HALF
    * SEES EXPECTS TO RECORD AN INCREASE IN CONSOLIDATED NET
LOSS IN
FIRST HALF OF 2024
    * IMPAIRMENT LOSS PROVISION OF APPROXIMATELY RMB16.737 BLN
HAS
BEEN MADE FOR FIRST HALF
    * INCREASED PROVISION FOR IMPAIRMENT LOSS ON RECEIVABLES
FROM
SUBSIDIARIES, ASSOCIATES, JVS OF CHINA EVERGRANDE
    * A PROVISION OF RMB16.737 BILLION HAS BEEN MADE FOR FIRST
HALF OF
2024 IN FULL


Further company coverage:  0708.HK 

 ((Reuters.Briefs@thomsonreuters.com;))