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Shimao profit rises 75%
By Cao Qian |
August 20, 2011, Saturday
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Print Edition
Print Edition
SHANGHAI Shimao Co yesterday said net profit surged 75 percent to 481 million yuan (US$75.16 million) in the first half of this year, mainly fueled by an increase in sales from commercial projects.
Six-month revenue from real estate operations surged 79 percent from a year earlier to 3.25 billion yuan, the real estate developer, owned by billionaire Xu Rongmao, said in a statement to the Shanghai Stock Exchange.
Six-month revenue from real estate operations surged 79 percent from a year earlier to 3.25 billion yuan, the real estate developer, owned by billionaire Xu Rongmao, said in a statement to the Shanghai Stock Exchange.
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