{"id":54652,"date":"2023-08-29T23:57:13","date_gmt":"2023-08-30T03:57:13","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/country-garden-holdings-expected-to-post-first-half-net-loss-earnings-preview\/"},"modified":"2023-08-29T23:57:15","modified_gmt":"2023-08-30T03:57:15","slug":"country-garden-holdings-expected-to-post-first-half-net-loss-earnings-preview","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=54652","title":{"rendered":"Country Garden Holdings Expected to Post First-Half Net Loss — Earnings Preview"},"content":{"rendered":"
\n

By Kosaku Narioka<\/p>\n

<\/pre>\n
Country Garden Holdings is scheduled to report first-half results on Wednesday. Here’s what you need to know:<\/p>\n
<\/pre>\n
NET LOSS EXPECTED: Earlier this month, the property developer said it expected to book a net loss of between 45 billion Chinese yuan ($6.17 billion) and CNY55 billion for the six-month period ended June 30. That compared with net profit of CNY1.91 billion in the year-earlier period, which included profit attributable to noncontrolling interests.<\/p>\n
\n
<\/pre>\n
WHAT TO WATCH:<\/p>\n
–DEBT MANAGEMENT: Country Garden has said it is aiming to resolve liquidity pressure and is considering adopting debt-management steps to safeguard interests of all stakeholders. Investors are focusing on any measures to be taken to manage its debt obligations.<\/p>\n
–CASH POSITION: The company’s cash and cash equivalents fell to CNY128.28 billion at the end of 2022 from CNY146.95 billion at the end of 2021. Its net current assets dropped to CNY305.87 billion at end-2022 from CNY335.03 billion at end-2021. Investors are closely watching the cash position of the company.<\/p>\n
–COST CUTS: Country Garden has said it strictly controlled ineffective production capacity and strengthened cost control to minimize expenditures. Investors are paying attention to any declines in cost of sales as well as selling, marketing and administrative expenses.<\/p>\n
<\/pre>\n
Write to Kosaku Narioka at kosaku.narioka@wsj.com<\/p>\n
<\/pre>\n<\/p><\/div>\n<\/div>\n
Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
By Kosaku Narioka Country Garden Holdings is scheduled to report first-half results on Wednesday. Here’s what you need to know: NET LOSS EXPECTED: Earlier this month, the property developer said it expected to book a net loss of between 45 billion Chinese yuan ($6.17 billion) and CNY55 billion for the six-month period ended June 30. […]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-54652","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nCountry Garden Holdings Expected to Post First-Half Net Loss -- Earnings Preview | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Kosaku Narioka Country Garden Holdings is scheduled to report first-half results on Wednesday. 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