Property News · August 28, 2018

Developer Evergrande delivers whopping 101pc rise in half-time profit


China Evergrande, the country’s third largest property developer by sales, posted a thumping 101.5 per cent surge in first-half core profit on Tuesday, and officials said they expect to easily top its annual sales targets, despite Beijing’s measures to cool the still-overheating national housing market.
Interim core profit came in at 55.01 billion yuan (US$8.07 billion), while revenue rose 59.8 per cent to 300.35 billion yuan on the same period last year.
Contracted sales in the…

Source : South China Morning Post
Read more…Developer Evergrande delivers whopping 101pc rise in half-time profit

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