Xiwang Real Estate (02088) announced its annual results for the year ended December 31, 2023. The group obtained turnover...
According to the Zhitong Finance App, Xiwang Real Estate (02088) announced results for the year ended December 31, 2023. The group achieved a turnover of RMB 20.79 million (same unit), a year-on-year decrease of 57.09%; losses attributable to the company's owners amounted to RMB 134 million, an increase of 1734% over the previous year; and a basic loss of 9.5 per share.
During the year, the company made provisions for confirmed impairment losses of approximately $71 million and $79.4 million for goodwill write-off, respectively (previous years: confirmed impairment losses of approximately $2 million in goodwill).