Property News · March 26, 2018

China Overseas Land & Investment core profit up 9.2pc, but lags analysts’ estimates


China Overseas Land & Investment, the country’s top property developer by market value, logged a 9.21 per cent rise in core profit, mainly driven by property sales. 
The state-backed developer posted a core profit of HK$34.26 billion (US$4.37 billion) in 2017, after excluding revaluation gains. The figure in 2016 was HK$31.37 billion.
Net profit, including a total of HK$6.51 billion in fair value gains and tax gains, jumped 10.1 per cent to 40.77 billion, higher than…

Source : South China Morning Post
Read more…China Overseas Land & Investment core profit up 9.2pc, but lags analysts’ estimates

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