Gree Real Estate (SHA:600185) expects to incur a loss attributable to the owners of between 602.6 million yuan and 780 million yuan in the first half of the year, widening from the year-ago loss of 211.9 million yuan, according to the company's disclosure on the Shanghai Stock Exchange.
The Chinese real estate developer attributed the forecast to the decline in the gross profit margin of the company's real estate projects, the Wednesday disclosure added.
Shares of the company dropped less than 5% in recent trade.
Price (RMB): ¥5.21, Change: ¥-0.25, Percent Change: -4.58%
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