Property News · March 22, 2017

Country Garden posts better-than-expected profit, up 22 per cent


Country Garden, China’s second largest developer, reported better-than-expected profit growth for 2016, driven by strong house sales in smaller cities.
Core profit, which excludes valuation gains and foreign exchange losses, rose 22 per cent from a year earlier to 12 billion yuan, the company said in a statement to the stock exchange on Wednesday. Analysts polled by Bloomberg were expecting core earnings of 10.67 billion yuan. Net profit was up 24 per cent to 11.5 billion yuan.
Revenue…

Source : South China Morning Post
Read more…Country Garden posts better-than-expected profit, up 22 per cent

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