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Gemdale sees 5% up in H1 profit

Aug. 22, 2012 (China Knowledge) - Gemdale Corp<600383>, a Shanghai-based real estate developer, has said its net profit grew 5.05% from a year earlier to RMB 502.46 million in the first half of this year.

According to a statement filed with Shanghai Stock Exchange, basic earnings per share for the period were RMB 0.11.

From January to June this year, the Shanghai-based real estate developer booked RMB 6.47 billion in operation revenue, reflecting a YoY increase of 25.5%.

In the first six months of this year, the company saw its contractual sales grow 19.6% from a year earlier to RMB 13.46 billion, while the sold area for the period reached 1.14 million sq m, 40.1% more than it realized in the same period of last year.

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