Summary by Futu AI
As of June 30, 2024, the interim performance of Agile Group for the six months showed that the group's revenue increased by 5.7% to RMB 21.137 billion compared to the same period last year, but the loss for the period expanded to RMB 8.9 billion, a 146.5% increase from the loss of RMB 3.611 billion in the same period last year. The loss attributable to the shareholders of the company is RMB 9.674 billion, with a basic loss per share of RMB 1.917. The expanded loss is mainly due to the decrease in average selling prices of properties, as well as increased losses from joint ventures and associates. In addition, the group has engaged overseas financial advisors and legal advisors to facilitate constructive negotiations with overseas creditors, jointly preparing for a comprehensive solution to the current overseas debt situation. The board of directors does not recommend the distribution of any interim dividends.