Aug. 17, 2012 (China Knowledge) - Agile Property Holdings Ltd<3383>, a Hong Kong-listed developer of large-scale residential projects, has announced that its net profit fell 1% YoY to RMB 2.07 billion in the first half of this year.

Gross profit dropped 12.7% YoY to RMB 5.36 billion in the period. The company proposed an interim dividend of 14.5 HK cents.

Agile Property saw its turnover decline 1.1% YoY to RMB 11.85 billion in the first six months.

The company's contractual sales reached RMB 14.06 billion in the first six months, of which 28% was contributed by projects in Guangzhou City, 22% by Zhongshan City and 28% by Hainan Province. The developer sold 1.42 million square meters of properties at an average price of RMB 9,939 per sq m in the period.

At of the end of June, the company held RMB 12.13 billion in cash and bank deposits.