China developer Vanke posts 50.6% drop in 2023 core profit
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HONG KONG, March 28 (Reuters) saleaccs.net - Buy Google Play Developer Account China Vanke, China's second-biggest property developer by sales, on Thursday reported 9.8 billion yuan ($1.36 billion) in 2023 core profit which excludes the impact of foreign exchange and changes in the value of assets and financial instruments.
That was down from 19.8 billion yuan a year earlier.
Investors have been dumping shares and bonds of the state-backed developer in the recent weeks due to liquidity concerns.
($1 = 7.2285 Chinese yuan renminbi) (Reporting by Clare Jim; editing by Christopher Cushing)
That was down from 19.8 billion yuan a year earlier.
Investors have been dumping shares and bonds of the state-backed developer in the recent weeks due to liquidity concerns.
($1 = 7.2285 Chinese yuan renminbi) (Reporting by Clare Jim; editing by Christopher Cushing)
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