|
Shanghai Shimao 9Mth Profit Expands 208%
Shimao Property (0813.HK) subsidiary Shanghai Shimao (600823.SH) made a net profit of RMB 92.42 million in the first nine months of this year, up 208.61% year-on-year, the company announced November 2. Shanghai Shimao generated business revenue of RMB 824.50 million in the nine month period, up 95.6% on an annual basis, on sales of 160,000 square meters.
Previously, Shimao Property said it expected a 200% increase in its three-quarter profits from RMB 29.95 million.
|
