China Evergrande narrows net loss in first half to $4.5b as revenue rises

China Evergrande narrows net loss in first half to $4.5b as revenue rises

FILE PHOTO: The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo

China Evergrande Group, the world’s most-indebted property developer, on Sunday reported a narrower net loss for the first half of the year, thanks to a rise in revenue.