Property News · March 22, 2017

China Overseas Land’s 2016 profit rises amid record property prices


State-owned developer China Overseas Land & Investment, said its 2016 net profit climbed 6.9 per cent, amid record property prices in the country over the past two years.
Net profit rose to HK$37 billion (US$4.76 billion), or HK$3.64 per share. Core earnings, excluding fair value gains, rose to HK$31.4 billion, in line with the expectations of analysts polled by Bloomberg. Excluding losses generated by the property assets acquired from Citic Group, the profit attributable to shareholders…

Source : South China Morning Post
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