SRE GROUP (01207) announces a net loss attributable to shareholders of RMB 165 million in the first half of 2024, narrowing by 59.67% year-on-year.

SRE GROUP (01207) announced its unaudited interim results for the six months ended June 30, 2024. The group achieved a revenue of RMB 152 million, an increase of 3.67% year-on-year. The company's shareholders' net loss was RMB 165 million, a decrease of 59.67% year-on-year, with a loss per share of RMB 0.008. The announcement stated that the decrease in loss was mainly due to significant impairment provisions made for investments in certain joint ventures based on market conditions for the six months ended June 30, 2023, with no such impairment provisions made for the 2024 interim period.