Brief: China New City Commercial Development Sees Decrease In Revenue For Year By RMB279.3 Mln

China New City

17/03/2023 14:46

March 17 (Reuters) - China New City Commercial
Development Ltd  1321.HK :
    * CHINA NEW CITY COMMERCIAL DEVELOPMENT SEES DECREASE IN
EACH OF
REVENUE AND GROSS PROFIT FOR YEAR BY RMB279.3 MILLION AND
RMB99.1 MILLION EACH
    * EXPECTED RESULT DUE TO COMMERCIAL AND HOTEL SEGMENTS BEING
IN
ABNORMAL STATE DURING ENTIRE YEAR
    * CHINA NEW CITY COMMERCIAL DEVELOPMENT SEES UNAUDITED
CONSOL NET
LOSS OF  RMB461.6 MILLION FOR YEAR
    * EXPECTED NET LOSS DUE TO DECREASE IN FAIR VALUE OF
INVESTMENT
PROPERTIES FOR YEAR


Further company coverage:  1321.HK