Property News · August 22, 2017

Country Garden posts higher profit on sales growth


Country Garden, China’s third-largest property firm by contracted sales in 2016, posted a 39.2 per cent jump in first half net profit to 7.5 billion yuan (US$1.1 billion) year on year, boosted by strong demand and low house inventory in the mainland.
The earnings beat the consensus estimate of analysts polled by Bloomberg by 23 per cent.
Its contracted sales also soared 131 per cent to 288.9 billion yuan in the first half. Country Garden raised its sales target for this year from 400…

Source : South China Morning Post
Read more…Country Garden posts higher profit on sales growth

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