Country Garden posts record net loss of $6.7 billion in first half of 2023

HONG KONG, Aug 30 (Reuters) - China's largest private property developer Country Garden (2007.HK) reported on Wednesday a January-June net loss of 48.9 billion yuan ($6.72 billion) versus a 612 million yuan net profit in the same period a year ago.

It is the second semi-annual net loss for the embattled developer in a row, as it posted 6.7 billion yuan net loss in the second half of 2022.

($1 = 7.2810 Chinese yuan renminbi)

Reporting by Clare Jim; Editing by Tomasz Janowski

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