Property News · August 28, 2017

Greenland posts flat profit as property clampdown deepens


Shanghai-based Greenland Holdings, the mainland’s fourth-largest developer by sales, reported flat earnings for the first half of this year as governments tightened their grip on the real estate sector.
Net income in the six months to June was valued at 4.66 billion yuan (US$704 million), up by a slender 1.3 per cent from a year ago and below analysts’ estimates. Revenue jumped 16.6 per cent to 126 billion yuan.
Factoring out one-off gains, the company’s underlying profit fell…

Source : South China Morning Post
Read more…Greenland posts flat profit as property clampdown deepens

You may also like...