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Country Garden's H1 profit up 3.7%

Aug. 24, 2012 (China Knowledge) - Country Garden Holdings Co Ltd<2007>, which is principally engaged in property businesses in Guangzhou and Foshan of Guangdong Province, announced yesterday that its net profit attributable to shareholders climbed 3.7% YoY to RMB 2.98 billion in the first half of this year.

The developer's gross profit surged 36.8% YoY to RMB 6.96 billion in the first six months.

The company saw its total revenue rise 7.2% YoY to RMB 16.78 billion in H1.

Country Garden's contractual sales were RMB 17.3 billion in the first six months. The firm sold 2.85 million square meters of properties in the period.

No interim dividend was declared.

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