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Shui On's profit grows
By Cherry Cao |
August 24, 2012, Friday
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Print Edition
Print Edition
SHUI On Land Ltd, developer of Shanghai Xintiandi, yesterday said profit attributable to shareholders rose 5 percent to 825 million yuan (US$130 million) in the first six months of this year.
Turnover fell 8 percent year on year to 1.64 billion yuan between January and June, with property sales accounting for 65 percent of the total, the Shanghai-headquartered developer said in a filing to the Hong Kong stock exchange.
The fall was mainly due to fewer properties being delivered during the reporting period, it said.
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