China Evergrande Posts Losses of $81 Billion Over Two Years
- Developer reports loss for the first time since 2009 listing
- Release of results may help Evergrande resume stock trading
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China Evergrande Group posted combined losses of more than $81 billion over two years as the world’s most-indebted developer releases its long-delayed results in a bid to resume stock trading and complete one of the country’s biggest debt restructurings.
The company reported a loss attributable to shareholders of 105.9 billion yuan ($14.8 billion) for the full year in 2022, adding to a 476 billion yuan loss the previous year, according to Hong Kong stock exchange filings late Monday.