Greenland Holdings Shares Rise After Profit Grew 46% in First Half
Dou Shicong
/SOURCE : yicai
Greenland Holdings Shares Rise After Profit Grew 46% in First Half

(Yicai Global) July 12 -- Thanks to good sales performance, Greenland Holdings estimates that its net profit attributable to shareholders increased 45.7 percent to CNY8.8 billion (USD1.3 billion) in the first half, the Shanghai-based property developer said in a statement today.

Its stock [SHA:600606] rose 2.91 percent to CNY6.73 at 10.25 a.m. on the news, while its Hong Kong branch [HK:0337] also gained 2.02 percent to HKD3.02 at around the same time.

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Keywords: Greenland Holdings , Profit Growth