China Greenland Reports Dropped Revenue and Widened Loss

China Greenland Broad Greenstate Group Company Limited (HK:1253) has released an update.

China Greenland Broad Greenstate Group Company Limited reported a significant decline in revenue and a widened net loss for the year ended December 31, 2023, in comparison to the previous year. Their financial results showed that revenue dropped by over 75%, and the net loss attributable to owners increased by more than 26%. Despite a tough year, the company’s gross profit margin improved, doubling from the year before.

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