Markets & Economy

Century 21 China franchisor posts loss on ‘tough’ Q2

'Five Measures' imposed by officials in March have cooled housing markets
Published on Aug 15, 2013

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by CareyBot

IFM Investments Ltd. — the exclusive franchisor of the Century 21 brand in China — posted a second-quarter loss of $5.4 million as revenue slid by 18 percent from the first quarter, to $34.6 million. New capital gains tax regulations ...