Palm Eco-Town Development Co.,Ltd. Posted 195 Million Yuan Net Loss in First Half of 2023

Palm Eco-Town Development Co.,Ltd. (棕榈生态城镇发展股份有限公司) (002431.SZ) reported a net loss of 195 million yuan in the first half of 2023, narrowing 34.5% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 27.8% year-on-year.

At the end of the reporting period, it had 19.4 billion yuan in total assets and 15.1 billion yuan in total liabilities, with a liability-to-asset ratio of 78.2%.