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Surge in net income
By Cao Qian |
April 24, 2010, Saturday
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Print Edition
Print Edition
GEMDALE Corp, one of China's four largest publicly-listed developers, reported yesterday that first-quarter net income surged 21-fold from a year earlier to 1.17 billion yuan (US$171.3 million), or 0.26 yuan per share.
Sales over the three months jumped five fold to 7.22 billion yuan from the same period a year earlier, the Shenzhen-based developer said in a filing to the Shanghai Stock Exchange.
The company plans to commence developing some 3.89 million square meters this year, an increase of 175 percent from 2009.
Sales over the three months jumped five fold to 7.22 billion yuan from the same period a year earlier, the Shenzhen-based developer said in a filing to the Shanghai Stock Exchange.
The company plans to commence developing some 3.89 million square meters this year, an increase of 175 percent from 2009.
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