princess_morbucks
25-08-14, 08:37
http://www.businesstimes.com.sg/breaking-news/asia/chinas-largest-property-developer-says-h1-profit-344-y-o-y-20140825
[SHANGHAI] China State Construction Engineering Corp Ltd (CSCEC), the country's largest real estate conglomerate, posted first-half net profit of 11.8 billion yuan (US$1.92 billion), up 34.4 per cent from a year earlier.
Operating income hit 374.9 billion yuan, an on-year increase of 24.2 per cent, according to a filing posted on the Shanghai Stock Exchange on Sunday.
New construction projects rose 9.8 per cent to 720 billion yuan, with real estate deals jumping 15.6 per cent to 632.3 billion yuan. Infrastructure business fell by 20.8 per cent to 82.8 billion yuan.
Real estate sales fell 13.5 per cent to 68.2 billion yuan, with the total sales area sold down 21 per cent to 5.27 million square metres.
[SHANGHAI] China State Construction Engineering Corp Ltd (CSCEC), the country's largest real estate conglomerate, posted first-half net profit of 11.8 billion yuan (US$1.92 billion), up 34.4 per cent from a year earlier.
Operating income hit 374.9 billion yuan, an on-year increase of 24.2 per cent, according to a filing posted on the Shanghai Stock Exchange on Sunday.
New construction projects rose 9.8 per cent to 720 billion yuan, with real estate deals jumping 15.6 per cent to 632.3 billion yuan. Infrastructure business fell by 20.8 per cent to 82.8 billion yuan.
Real estate sales fell 13.5 per cent to 68.2 billion yuan, with the total sales area sold down 21 per cent to 5.27 million square metres.