Chinese property developer Sunac posts $2 billion core loss in 2022

Sunac Services Holdings

31/03/2023 15:33

HONG KONG, March 31 (Reuters) - Major property developer
Sunac China  1918.HK  on Friday logged a net narrowing core loss
of 13.86 billion yuan ($2.02 billion) in 2022, as the debt-laden
firm slowed its project construction and incurred higher
interest expenses.
    Last year's core net loss, which excludes the revaluation of
assets and financial instruments and foreign exchange loss,
compares to a 25.30 billion yuan loss reported in 2021.


($1 = 6.8695 Chinese yuan renminbi)

 (Reporting by Roushni Nair in Bengaluru and Clare Jim in Hong
Kong; Editing by Krishna Chandra Eluri)
 ((Roushni.Nair@thomsonreuters.com;))