Property News · March 23, 2018

Longfor sets 200 billion yuan sales target as core profit rises by a quarter


Longfor Properties, China’s eighth largest developer by sales, set its 2018 sales target at 200 billion yuan after posting a 25.9 per cent increase in core net profit last year. 
The Beijing-based developer saw core net profit, which excludes valuation gains and foreign exchange losses, jump to 9.77 billion yuan in 2017, on the back of a 77.1 per cent jump in contracted sales to 156.08 billion yuan from 88.14 billion yuan a year earlier. 
“We currently have saleable…

Source : South China Morning Post
Read more…Longfor sets 200 billion yuan sales target as core profit rises by a quarter

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