[ET Net News Agency, 11 August 2021] SRE Group Limited (01207) said it is expected that
the group's unaudited net loss and loss attributable to the owners of the company for the
six months ended 30 June 2021 will increase as compared to the unaudited net loss of RMB56
million and loss attributable to the owners of the company of RMB51 million for the same
period last year. The unaudited net loss for the reporting period is expected to be in the
range of RMB120 million to RMB190 million.
Such change in loss was mainly due to the fact that the group continued to adhere to its
strategic direction of becoming a "regional developer of boutique residential properties"
and having real estate as its core business, so no significant assets or subsidiaries were
disposed of in the first half of 2021, causing a year-on-year decline in the gain on
disposal of investments. (RC)