FORTE LAND 07 NET PROFIT SURGED 47.7%
AsiaInfo Services, March, 2008
AsiaInfo Services 03-11-2008 Forte Land 07 Net Profit Surged 47.7% SHANGHAI, Mar 11, 2008 (SinoCast via COMTEX) -- Forte Land Co., Ltd. (SEHK: 2337), a Shanghai-based real estate developer, gained a net profit of CNY 711 million in 2007, surging 47.7% from the previous year, citing the company's financial statements. In 2007, Forte Land hit a turnover of CNY 3.977 billion, a gross profit of CNY 1.252 billion and earnings per share of CNY 0.281, compared with CNY 2.505 billion, CNY 962 million and CNY 0.194 in 2006. By the end of 2007, the company had accumulated CNY 9.453 billion non-current assets, CNY 8.869 billion current assets and about CNY 5.610 billion net assets, compared with CNY 4.385 billion, CNY 7.095 billion and CNY 4.880 billion in the year ended December...
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