Property News · March 18, 2019

China’s biggest developer, Country Garden, sees 2018 core profit beat estimates, but analysts are not convinced about future earnings


Country Garden Holdings, China’s biggest property developer by sales, has reported profit slightly ahead of estimates, though analysts said they are worried about its ability to continue to deliver.The Guangdong-based builder’s core profit rose 38.2 per cent last year to 34.13 billion yuan (US$5.08 billion). That just beat the average estimate of 33.8 billion among analysts polled by Bloomberg, but was a far cry from the 126 per cent spike seen in 2017. Its revenue jumped by two thirds to 379…

Source : South China Morning Post
Read more…China’s biggest developer, Country Garden, sees 2018 core profit beat estimates, but analysts are not convinced about future earnings

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