Property News · March 6, 2019

Property giant China Evergrande says profit may have surged 90 per cent last year as 2019 starts with a sales slump


China Evergrande Group, one of the country’s biggest property developers, said it is likely to record a 90 per cent surge in core net profit for last year, a day after it reported a dramatic sales slump in the first two months of 2019.In a positive earnings alert filed to the Hong Kong Stock Exchange on Tuesday, the firm said its net profit for 2018 would show a “substantial increase” with the earnings from its core business up at least 90 per cent from the previous year, thanks to higher…

Source : South China Morning Post
Read more…Property giant China Evergrande says profit may have surged 90 per cent last year as 2019 starts with a sales slump

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