Chinese developer Evergrande has posted losses of $81bn over a two-year period.
The figures reveal the scale of the financial fallout of the 2021 default that sparked an ongoing crisis in China’s property sector.
The group, which is in the midst of a lengthy restructuring process after it failed to make bond payments almost two years ago, reported losses of Rmb476bn ($66bn) for 2021 and Rmb106bn ($15bn) for 2022. Revenue halved in 2021 to Rmb250bn, compared with Rmb507bn a year earlier.
