Property News · March 22, 2017

Hong Kong developer Shui On sees 38pc rise in annual profit on robust mainland sales


Property developer Shui On Land has delivered a 38 per cent rise in annual profit, on the back of robust mainland project sales.
The company said on Wednesday its profit attributable to shareholders was 1.1 billion yuan (US$159.5 million) for the year ended 31 December 2016, up from 788 million yuan the previous year.
Revenue also surged 172 per cent to 18 billion yuan, according to its statement to the Hong Kong Stock Exchange.
The company sold total a gross floor area of 950,600 square metres…

Source : South China Morning Post
Read more…Hong Kong developer Shui On sees 38pc rise in annual profit on robust mainland sales

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