News Column

Shenzhen Tagen H1 Net Down 66% Hurt by Property Business

August 5, 2014

SHENZHEN, August 5, SinoCast -- Shenzhen Tagen Group (SZSE: 000090) reaped operating revenue of about CNY 1.78 billion in the first half of 2014, down 7.71% from a year earlier. That from construction and real estate businesses each dropped 3.36% and 36.58% to about CNY 1.47 billion and CNY 307.11 million. Net profit attributable to shareholders fell 66.09% to about CNY 34.3 million. Basic EPS was CNY 0.0621. Size of under-construction projects was 64, with contractual value of about CNY 9.4 billion.

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Source: Sinocast Construction & Real Estate Beat (China)

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