Developers revenue increase in China


(MENAFN)

Most recent financial results of real estate firms in China showed high profit growth in the first six months of the current year.

Over 30 developers posted their half year reports with the Shanghai or Shenzhen shares exchanges, most of them had a high growth rate.

Leading property developer China Vanke Co., Ltd. posted a net profit growth of 29.8 percent in the first half year, its revenue increasing 31.5 percent.

Sunac China Holdings Limited saw 61.7-percent increase in net profits during the period as its revenue added 64.9 percent.



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