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Poly Real Estate's contracted sales up 25% in Q1
Source :China Knowledge update : 2010-04-12
Poly Real Estate Group Co Ltd<600048>, a major property subsidiary of state-owned Poly Group, last week announced that its contracted sales rose 25% year on year to RMB 8.13 billion in the first quarter of this year, sources reported.
The developer sold 1.02 million square meters of properties during the three-month period, 33% more than in the same period of last year, according to a statement filed with the Shanghai Stock Exchange.
In March, Poly's contracted sales revenue was RMB 3.36 billion, up 8.7% year on year.
The firm's net profit rose 57.19% year on year to RMB 3.52 billion in 2009, while operating revenue increased 48% to RMB 22.99 billion.
Poly's contracted sales revenue last year was RMB 43.38 billion, 2.41 times its contracted sales revenue the previous year. Contracted sales area was 5.27 million sq m, up 131.08% year on year.
The developer sold 1.02 million square meters of properties during the three-month period, 33% more than in the same period of last year, according to a statement filed with the Shanghai Stock Exchange.
In March, Poly's contracted sales revenue was RMB 3.36 billion, up 8.7% year on year.
The firm's net profit rose 57.19% year on year to RMB 3.52 billion in 2009, while operating revenue increased 48% to RMB 22.99 billion.
Poly's contracted sales revenue last year was RMB 43.38 billion, 2.41 times its contracted sales revenue the previous year. Contracted sales area was 5.27 million sq m, up 131.08% year on year.