News Column

Yuexiu Property H1 Core Net Up 10.5%

August 28, 2014

HONG KONG, August 28, SinoCast -- Yuexiu Property (SEHK: 0123) reported core net profit of CNY 992 million for the first half of 2014, up 10.5% from a year ago. Profit attributable to shareholders fell 28.4% to about CNY 1.68 billion, with basic EPS OF CNY 0.1798. Operating revenue inched up 4.4% to about CNY 6.33 billion. Gross margin was 34.4% and gross profit dropped 12.3% to about CNY 2.18 billion.

Contractual sales increased 23.4% to CNY 10.63 billion, accounting for 48% of the yearly plan. Unrecorded sales was about CNY 17.24 billion. Total and equity land reserve each hit about 15.07 million and 12.25 million square meters.

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Source: Sinocast Construction & Real Estate Beat (China)

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