Home 禄 Business 禄 Real Estate
Curbs curtail Evergrande's earnings
Source: Bloomberg News |
August 29, 2012, Wednesday
|
Print Edition
Print Edition
EVERGRANDE Real Estate Group Ltd, China's biggest developer by sales volume, said yesterday that first-half profit fell after the company sold fewer apartments in less affluent cities as the government maintained property curbs.
Profit excluding the revaluation of investment properties dropped 21 percent to 3.8 billion yuan (US$598 million) compared with an increase of 148 percent a year earlier, the company said in a Hong Kong stock exchange statement yesterday.
Evergrande's earnings declined as home prices were hit the most in inland cities where the Guangzhou, Guandong Province-based company focused its expansion last year. Prices in Wenzhou, east China's Zhejiang Province dropped 15.6 percent last month from a year ago, leading declines.
Profit excluding the revaluation of investment properties dropped 21 percent to 3.8 billion yuan (US$598 million) compared with an increase of 148 percent a year earlier, the company said in a Hong Kong stock exchange statement yesterday.
Evergrande's earnings declined as home prices were hit the most in inland cities where the Guangzhou, Guandong Province-based company focused its expansion last year. Prices in Wenzhou, east China's Zhejiang Province dropped 15.6 percent last month from a year ago, leading declines.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
