July 27, 2022 | 06:30

Profits of real estate businesses down

An Nhiên

The high cost of capital resulted in the profits of many real estate businesses falling sharply in the second quarter. With the tightening of bond credit, cash flows also dried up, so many businesses had to increase their levels of debt, which was also behind the decline in profits.

Profits of real estate businesses down
Photo: Illustration
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The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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