CHINA MERCHANTS' PROPERTY ARM SAW NET PROFIT HEAVILY DROP
AsiaInfo Services, July, 2006
AsiaInfo Services 07-26-2006 China Merchants' Property Arm Saw Net Profit Heavily Drop SHANGHAI, Jul 26, 2006 (SinoCast via COMTEX) -- Domestically-listed China Merchants Property Development Co., Ltd. reported a net profit of CNY 139 million for the first half of this year, dropping 40% compared with the same period of last year, and its proceedings per share also fell 40% year on year to CNY 0.224, according to the company's interim financial results. During the period, the company's revenues from principle business went down 17% year on year to CNY 834 million, and its real estate sales revenues sharply declined CNY 339 million. As of the end of June, the company registered a total asset of CNY 10.9 billion, rising 22% year on year, which was because the increase...
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