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Longfor Properties' 2011 net profit surges 53.2%

Mar. 14, 2012 (China Knowledge) - Longfor Properties Co Ltd<0960>, Chongqing's Hong Kong-listed property developer, has posted RMB 38.27 billion-contracted sales for 2011, has announced that its net profit jumped 53.2% year on year to RMB 6.33 billion last year.

Basic earnings per share were RMB 1.23 last year, up 53.75% year on year, according to the developer's annual report. The company proposed a final dividend of RMB 0.175 per share.

Longfor Properties saw its turnover reach RMB 24.09 billion last year, 59.6% more than in 2010. Profit margin stood at 26.3% in the period.

The Hong Kong-listed company realized RMB 38.27 billion in contracted sales last year, 14.9% more than in the previous year.

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