Property News · March 20, 2018

Top Chinese developer Country Garden’s core profit jumps 106pc as sales soar


Country Garden Holdings, China’s largest developer by sales, on Tuesday reported a 106 per cent increase in core net profit for 2017 on the back of a 78.3 per cent jump in contracted sales, with analysts expecting the company to benefit from its focus on smaller cities.
Core net profit, which excludes valuation gains and foreign exchange losses, jumped to 24.69 billion yuan, the company said in a filing to the Hong Kong stock exchange. 
Net profit jumped 126.3 per cent to 26.06…

Source : South China Morning Post
Read more…Top Chinese developer Country Garden’s core profit jumps 106pc as sales soar

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