Vanke profits up in first half

09:31, August 10, 2010      

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China Vanke, the country's largest property developer, reported a year-on-year increase of 11.4 percent in net profit to 2.81 billion yuan in the first half year, the company said in a statement on Monday. It said Vanke had cash of 19.1 billion yuan on hand at the end of June, and is thus in a better position to acquire land parcels in the second half.

Another leading property firm Shenzhen-based Gemdale reported a 327 percent rise in net profit to 1.2 billion yuan in the first six months.

Source:China Daily

(Editor:黄蓓蓓)

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