Sunac China expects 2024 loss to widen to $3.5 billion
17/03/2025 09:54
March 17 (Reuters) - Property developer Sunac China 1918.HK said on Monday it expects to report a wider loss for the year ended December 2024, citing lower revenue. Beijing-based Sunac said it expects to post a loss attributable between 25.5 billion yuan ($3.52 billion) and 26 billion yuan for 2024, compared with last year's 7.97 billion yuan. ($1 = 7.2357 Chinese yuan renminbi) (Reporting by Rajasik Mukherjee; Editing by Shinjini Ganguli) ((Rajasik.Mukherjee@thomsonreuters.com;))
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