Property News · August 28, 2017

Developer Greentown continues to enjoy dramatic turnaround in fortunes


Property developer Greentown China Holdings, on the verge of bankruptcy just three years ago, has registered a storming 103.5 per cent rise in profit to 1.228 billion yuan (US$184 million), after record contracted sales last year.
The Hangzhou-based company also announced on Monday morning that its basic earnings per share reached 0.46 yuan, representing a year-on-year increase of 130 per cent. The company didn’t declare an interim dividend.
Interim revenue rose from 9.68 billion yuan in…

Source : South China Morning Post
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