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Vanke Q3 profit surges
Source: Bloomberg News |
October 24, 2012, Wednesday
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Print Edition
Print Edition
CHINA Vanke Co reported third-quarter profit more than doubled as it started selling more residential projects to tap a recovery in home sales.
Net income jumped 124 percent to 1.35 billion yuan (US$216 million), or 0.123 yuan a share, the developer said in a Shenzhen Stock Exchange filing yesterday. Revenue increased 65 percent to 15.4 billion yuan.
Net income jumped 124 percent to 1.35 billion yuan (US$216 million), or 0.123 yuan a share, the developer said in a Shenzhen Stock Exchange filing yesterday. Revenue increased 65 percent to 15.4 billion yuan.
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