Evergrande Property Services' annual profit down 46% from fiscal 2020

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Evergrande Property Services' annual profit down 46% from fiscal 2020
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Evergrande Property Services Group Ltd on Monday reported a 46.4 per cent plunge in its fiscal 2022 profit, when compared with fiscal 2020, amid a debt crisis that has hit multiple Chinese property developers.The property services unit of embattled China Evergrande Group said profit attributable for the y

Evergrande Property Services Group Ltd on Monday reported a 46.4 per cent plunge in its fiscal 2022 profit, when compared with fiscal 2020, amid a debt crisis that has hit multiple Chinese property developers.

The property services unit of embattled China Evergrande Group said profit attributable for the year ended Dec. 31 was 1.42 billion yuan , compared with 2.65 billion yuan in 2020.

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