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Beijing Vantone's profit up 187% in H1

Jul. 31, 2012 (China Knowledge) - Beijing Vantone Real Estate Co Ltd<600246>, a Beijing-based property developer, saw its net profit attributable to shareholders surged 187.45% YoY to RMB 20.6 million in the first half of 2012.

Basic earnings per share for the period were RMB 0.02 and the property developer proposed a dividend of RMB 0.6 per ten shares.

From January to June, the company saw its revenue from property sales reached RMB 548 million, down 18.34% from a year earlier, while revenue from rental increased 24.02% YoY to RMB 63.92 million.

The operation revenue from Beijing skyrocketed 157.59% YoY to RMB 501 million in the six-month period. However, that from Tianjin plunged 78.99% YoY to RMB 111 million.

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