China Aoyuan Forecasts Return to Profit in 2024

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China Aoyuan Forecasts Return to Profit in 2024

MT Newswires Live03-20

China Aoyuan Group (HKG:3883) expects an attributable profit of up to 50 million yuan for the year 2024, compared with an attributable loss of 9.5 billion yuan a year prior, a Tuesday filing with the Hong Kong bourse said.

The property developer attributed the anticipated turnaround to profit mainly to restructuring gains from the completion of its offshore debt restructuring.

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