Guangzhou’s R&F Properties has posted a 5 per cent rise in annual net profit for 2016, helped by strong property prices on the mainland before cooling measures were introduced in many cities late last year. Photo: AFP

R&F Properties sees profit rise 5pc, eyes more overseas projects

Revenues enjoy robust 21pc growth to 53.7 billion yuan, with contracted sales rising 12pc to all-time-high of 60.9 billion yuan.

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Guangzhou’s R&F Properties has posted a 5 per cent rise in annual net profit for 2016, helped by strong property prices on the mainland before cooling measures were introduced in many cities late last year. Photo: AFP
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