News Column

Gemdale H1 Net Hit CNY158mn

August 20, 2014



SHANGHAI, August 20, SinoCast -- Gemdale Corp. (SHSE: 600383) had operating revenue and net profit of about CNY 9.08 billion and CNY 158 million in the first half of 2014, up 3.29% and down 49.91% from a year ago, each. Basic EPS was CNY 0.04.

Settled area and revenue of real estate projects each was 634,700 square meters and CNY 8.34 billion, up 3.61% and 1.29%. Gross margin dropped 5.81 percentage points to 21.35% due to promotions. Net profit margin fell 1.95 percentage points to 1.74%.

Salable and equity salable area of land acquired hit about 1.3 million and 930,000 square meters. Land reserve was 26 million square meters, including 18 million square meters of equity one.


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Source: Sinocast Construction & Real Estate Beat (China)


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