China Evergrande Group’s property management unit posted a profit for 2022, reversing a loss in 2021 but lower than the gains in 2020, according to a delayed earnings report that may bring its shares closer to a resumption of trading.
Evergrande Property Services Group Ltd. had net income of 1.42 billion yuan ($199.8 million) in 2022, the firm said in a Hong Kong stock exchange filing on Monday. Analysts expected profit of 3.8 billion yuan, according to the average of three estimatescompiled by Bloomberg. In 2021, the company posted a net loss of 316.3 million yuan. The results ...
