Property News · August 28, 2017

China Evergrande first-half profit jumps 832pc on strong sales, lower debt


China Evergrande Group, the country’s largest property developer by sales in 2016, reported first-half profit jumped 832 per cent to 18.8 billion yuan, in line with analysts’ expectations, thanks to higher selling prices for its properties and a greater volume of sales booked during the period.
A poll by Bloomberg found average analyst forecast were for a profit of 19 billion yuan (US$2.87 billion), compared to the first half of 2016 when the company reported profit of 2 billion…

Source : South China Morning Post
Read more…China Evergrande first-half profit jumps 832pc on strong sales, lower debt

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