China's Country Garden expects bigger loss for first half

Embattled Chinese property developer Country Garden (2007) on Friday forecast a bigger loss for the first half of fiscal 2025, citing higher asset impairments and reduced scale of real estate project settlements.

The company is anticipating a loss in the range of 18.5 billion yuan (HK$20.2 billion) to 21.5 billion yuan for the six months ended June, higher than the 15.1 billion yuan reported last year.

Reuters