Country Garden Services Shares Jump to Historic High as First-Half Earnings Beat Forecast(Yicai Global) Aug. 23 -- The share price of Country Garden Services Holdings jumped to the highest ever after the residential property management arm of Country Garden Holdings posted better-than-expected earnings in the first half.
Country Garden Services's [HKG:6098] stocks climbed 9.08 percent to HKD20.90 (USD2.66) in the afternoon. Shares were 0.3 percent up before the Foshan-based firm released its earnings.
Over the six months, revenue rose 74.4 percent to CNY3.5 billion (USD496.7 million) from a year earlier. Its net profit advanced 73.4 percent to CNY817 million (USD11.2 million). Earnings per share were CNY0.31 (US 4 cents).
Editor: Emmi Laine
