News Column

Country Garden H1 Net Hit CNY5.4bn

August 20, 2014

GUANGZHOU, August 20, SinoCast -- Country Garden Holdings (SEHK: 2007) reported operating revenue of CNY 38.32 billion for the first half of 2014, up 42.2% year on year. Profit attributable to shareholders and core net profit each rose 25.6% and 14.1% to CNY 5.42 billion and CNY 4.71 billion. EPS was CNY 0.2954.

Gross profit was CNY 10.95 billion. Gross margin was 28.6%. Contractual sales and sales area each increased 73.6% and 73.4% to CNY 58.4 billion and 8.79 million square meters. Projects launched overseas and in provinces excluding Guangdong contributed to 67.3% of the sales.

Area of land with a use right hit 75.68 million square meters, among which 35.3% were in Guangdong and 35.65 million ones gained a construction license.

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Source: Sinocast Construction & Real Estate Beat (China)

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