China Evergrande (3333) said interim net profit fell by 56 percent to 6.54 billion yuan (HK$7.41 billion). Excluding the fair value of investment properties, the core profit was 19.25 billion yuan. The gross profit margin of core profit was 7.2 percent. Cumulative cash collection for the first half was 312 billion yuan, a year-on-year increase of 66.5 percent. The net debt increased nearly by 60 billion yuan in half-year to 630.83 billion yuan as of the end of June.

Source: The Standard August 31, 2020 11:37 UTC