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China Evergrande says it will not hold news briefing after H1 earnings

China Evergrande says it will not hold news briefing after H1 earnings

FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip

HONG KONG : China Evergrande Group, the country's debt-laden No. 2 property developer, said on Monday it will not hold a news conference after it reports its first-half earnings on Tuesday.

The company did not provide a reason for the rare move.

Evergrande said last week it expected its six-month net profit to slump as much as 39per cent from a year earlier, dragged by a drop in its home selling prices and higher expenses.

(Reporting By Clare Jim; Editing by Anne Marie Roantree and Kim Coghill)

Source: Reuters

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