The company reported net profits down 3.7 per cent to 20.5 billion yuan (US$2.97 billion) in the six months to June 30. Photo: SCMP Pictures The company reported net profits down 3.7 per cent to 20.5 billion yuan (US$2.97 billion) in the six months to June 30. Photo: SCMP Pictures
The company reported net profits down 3.7 per cent to 20.5 billion yuan (US$2.97 billion) in the six months to June 30. Photo: SCMP Pictures
China property

China Overseas Land & Investment develops technology ecosystem to create new income source, as first-half revenues beat expectations

  • The developer reported that its basic earnings per share slipped 3.7 per cent to HK$1.87, beating analysts’ estimates
  • Contracted property sales grew 4.2 per cent to in first half to 172 billion yuan despite no sales for almost two months

Topic |   China property
The company reported net profits down 3.7 per cent to 20.5 billion yuan (US$2.97 billion) in the six months to June 30. Photo: SCMP Pictures The company reported net profits down 3.7 per cent to 20.5 billion yuan (US$2.97 billion) in the six months to June 30. Photo: SCMP Pictures
The company reported net profits down 3.7 per cent to 20.5 billion yuan (US$2.97 billion) in the six months to June 30. Photo: SCMP Pictures

Corrected [1:20pm, 25 Aug, 2020]

  • [1:20pm, 25 Aug, 2020]

    Corrects allocation data to 2 per cent from 20 per cent in the second paragraph.

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