Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

 
Financial Market
 Search News  Or
Vanke posts 32% profit growth for Q3

Oct. 26, 2011 (China Knowledge) - China Vanke Co Ltd<000002><200002>, the country's leading publicly traded residential properties developer, reaped RMB 606.1 million in net profit in the third quarter of this year, up 32% year on year from RMB 459.5 million.

Operating revenue surged 66% year on year from RMB 5.61 billion to RMB 9.32 billion.  

In the reporting period, the Shenzhen-listed firm sold 2.82 million square meters of properties, 0.5% more than in the third quarter of 2010, but sales revenue declined 7.4% year on year to RMB 32.07 billion.

During the period from January to September 2011, Vanke's net profit increased 9.5% from a year earlier to RMB 3.58 billion. Operating revenue soared 31% from a year earlier to RMB 29.31 billion.

Property sales area for the nine-month period totaled 8.41 million sq m, up 39.9% year on year, while sales revenue surged 35.9% year on year to RMB 97.08 billion.

As of Sep. 30, Vanke had RMB 33.9 billion in cash, and its debt/asset ratio was 78.97%.







Copyright © "2013" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services
 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved