Property News · March 26, 2017

China Vanke profit climbs 16 per cent, beating forecasts


China Vanke, the property giant which has just emerged from a 16-month shareholders’ battle, announced a better than expected 16 per cent net profit growth for 2016.
Net profit for the year amounted to 21.02 billion yuan (US$3.05 billion), or 1.9 yuan per share, up 16 per cent from 2015, the company announced in a stock exchange filing.
That beat the forecasts of analysts polled by Thomson Reuters, who expected the developer to achieve 15 per cent profit growth.
Revenues reached 228.9…

Source : South China Morning Post
Read more…China Vanke profit climbs 16 per cent, beating forecasts

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