Property News · August 20, 2018

Chinese property firm Vanke’s first-half profit rises 25 per cent as faster construction lifts sales


China Vanke, the country’s second-largest property developer by sales, posted a 25 per cent rise in first-half profit on Monday, as a faster construction speed helped it sell more homes.
Net profit climbed to 9.1 billion yuan (US$1.3 billion) for the first six months of this year, while revenue rose 55 per cent to 105 billion yuan from the same period last year.
Vanke achieved 23.2 million square metres (249.7 million square feet) of new construction floor area, up 40 per cent from the…

Source : South China Morning Post
Read more…Chinese property firm Vanke’s first-half profit rises 25 per cent as faster construction lifts sales

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