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24.03.26 - 02:54
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Country Garden expected to record up to 2.2 billion yuan profit after huge turnaround (SCMP)
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Country Garden Holdings is expected to return to profit for the year ended 2025 due to the non-cash gain recorded from the completion of the group's debt restructuring.
According to its filings to the Hong Kong Stock Exchange on Monday night, the group will record “a profit ranging from approximately one billion yuan to 2.2 billion yuan (US$145 million to US$320 million) for the year ended 31 December 2025”.
This compared with the loss of about 35.15 billion yuan over the same period in......
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