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Shui On profit plunge
By Cherry Cao |
March 29, 2013, Friday
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Print Edition
Print Edition
SHUI On Land, the flagship property development company of the Shui On Group on the Chinese mainland, said yesterday net profit fell over 40 percent last year amid a drop in turnover.
The earnings attributable to shareholders fell 41 percent to 2.03 billion yuan (US$323 million) in 2012 as turnover plunged 43 percent to 4.82 billion yuan, the Shanghai-headquartered company, developer of Xintiandi, said in a statement.
The earnings attributable to shareholders fell 41 percent to 2.03 billion yuan (US$323 million) in 2012 as turnover plunged 43 percent to 4.82 billion yuan, the Shanghai-headquartered company, developer of Xintiandi, said in a statement.
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