Country Garden Services Shares Jump to Historic High as First-Half Earnings Beat Forecast
Tang Shihua
/SOURCE : yicai
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 

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Keywords: Share Price , Financial Results , Country Garden Service , First Half