Agile Group (03383) announced interim results, with losses attributable to shareholders of 9.674 billion yuan, an increase of 116.18% year-on-year

According to the Zhitong Finance App, Agile Group (03383) announced interim results for the six months ended June 30, 2024. The group achieved a turnover of RMB 21.137 billion (same per unit), an increase of 5.67% over the previous year; loss attributable to the company's shareholders was RMB 9.674 billion, an increase of 116.18% over the previous year; and a basic loss of 1.917 yuan per share.

For the six months ended June 30, 2024, the Group's pre-sale amount was 8.99 billion yuan, corresponding to a cumulative pre-sale construction area of 647,000 square meters, and the average pre-sale price was 13,905 yuan per square meter. As of June 30, 2024, the Group had land reserves with an estimated total construction area of 32.49 million square meters in 78 cities and regions. The average floor price was 2,712 yuan per square meter. Property development business revenue and diversified business revenue accounted for 59.0% and 41.0% respectively. Among them, the share of diversified business revenue decreased by 8.2 percentage points compared to the same period last year.

On June 30, 2024, the Group's total loans decreased by 2,368 billion yuan compared to December 31, 2023. As at June 30, 2024, the Group's total cash and bank deposits amounted to $8.820 billion.