Property News · August 21, 2018

China’s largest developer Country Garden posts 80 per cent increase in first-half core net profit


Country Garden Holdings, China’s largest developer by sales, on Tuesday reported an 80.2 per cent increase in core net profit in the first half of the year, despite a slowdown in sales growth amid government cooling measures on the property market.
Core net profit, which excludes valuation gains and foreign exchange losses, jumped to 12.95 billion yuan (about US$1.9 billion), the company said in a filing to the Hong Kong stock exchange.
Net profit jumped 94.9 per cent to 16.32 billion…

Source : South China Morning Post
Read more…China’s largest developer Country Garden posts 80 per cent increase in first-half core net profit

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