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Huayuan Property's H1 profit up 21%

Aug. 22, 2012 (China Knowledge) - Beijing-based real estate developer Huayuan Property Co Ltd<600743> has announced its net profit attributable to shareholders increased 21.14% YoY to RMB 219.52 million in the first half of this year.

Basic earnings per share were RMB 0.17 for the period, RMB 0.03 more than it realized in the first half of 2011.

According to a statement filed with Shanghai Stock Exchange, the real estate developer realized RMB 1.22 billion in operation revenue during the first six months period.

From January to June, the company saw its contractual sales reach RMB 3.25 billion, while its area sold for the period stood at 305,000 sq m.

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