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Beijing Capital Land posts 67.4% surge in profit for H1

Aug. 21, 2012 (China Knowledge) - Beijing Capital Land Ltd<2868>, a real estate company based in Beijing, has announced that its net profit grew 67.4% YoY to RMB 514 million in the first half of this year.

Basic earnings per share were RMB 0.25 during the period. No interim dividend was declared.

The developer's operating revenue soared 110% YoY to RMB 3.49 billion in the first six months.

The firm's contractual sales jumped 20.1% YoY to RMB 6.1 billion in the period, and its contractual sales area grew 65.6% YoY to 830,000 square meters.

At the end of June, the company's land reserves had increased 9.3% from the end of last year to 9.63 million sq m of floor area.

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