Home 禄 Business 禄 Real Estate
Greentown profit dips
Print Edition
PROPERTY developer Greentown China Holdings Ltd yesterday said net profit plunged nearly 58 percent to 2.1 billion yuan (US$338 million) last year as it sold property projects at lower prices amid a slowdown.
Revenue rose 10.5 percent year on year to 32 billion yuan, the company said in a filing to the Hong Kong stock exchange.
“The fall in profit was mainly due to higher land costs as well as lower selling prices of the projects, with gross margin narrowing from 28.4 percent to 23.5 percent,” Greentown’s Chief Financial Officer Feng Zheng said yesterday.
The developer cut its contracted sales target to 60 billion yuan for 2015 from last year’s 65 billion yuan, citing difficulties of selling remaining supplies despite hopes for the government to relax policies to stimulate housing demand.
- 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.
