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Gemdale's sales up 0.3% in Aug

Sep. 11, 2012 (China Knowledge) - Gemdale Corp<600383>, a Shanghai-based real estate developer, has said its contractual sales edge up 0.3% YoY to RMB 2.23 billion in August this year.

Last month, the developer sold 197,000 square meters of properties, 20.6% more than in the same month of last year.

In the first eight months of this year, Gemdale's contractual sales grew 14.5% YoY to RMB 18.26 billion, and sold area rose 35.5% YoY to 1.56 million sq m.

In the first half of this year, the Shanghai-listed real estate developer saw its operation revenue grew 25.5% YoY to RMB 6.47 billion, and its net profit for the period hit RMB 502.46 million, up 5.05% from a year earlier.

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