Property News · August 21, 2017

Sunac shares jump 6pc on positive profit alert


Sunac China shares jumped 6 per cent on Monday after the developer said its first-half interim profit will increase by “more than 15 times” owing to gains from property acquisitions and improved profit margins.
The company, one of China’s most acquisitive property developers, said revenue for the six months through June climbed 25 per cent while gross profit rose about 80 per cent and profit attributable to shareholders rose more than 15 times.
Sunac’s profit in the year…

Source : South China Morning Post
Read more…Sunac shares jump 6pc on positive profit alert

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