Property News · August 31, 2017

Sunac China’s first-half profit shoots up 1,683 per cent on acquisitions


Sunac China, one of the country’s biggest property developers, saw its first-half net profit surge by 1,683.4 per cent to 1.3 billion yuan, boosted by its aggressive acquisition of property projects and higher gross margin.
Revenue rose 25.9 per cent to 13.3 billion yuan and Sunac’s gross profit margin improved to 19.6 per cent compared to 13.7 per cent at the end of 2016.
“The company maintains a cautious attitude for the real estate market in the second half of the year,…

Source : South China Morning Post
Read more…Sunac China’s first-half profit shoots up 1,683 per cent on acquisitions

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