Oct. 24, 2012 (China Knowledge) - COFCO Property (Group) Co Ltd<000031
>, a subsidiary of state-owned COFCO Group, has announced it suffered a net loss of RMB 24.47 million in the third quarter of this year, compared with a net profit of RMB 14.6 million it realized in the same period of 2011.
According to a statement filed with Shenzhen Stock Exchange
, basic loss per share for the period was RMB 0.01.
From July to September 2012, the real estate developer realized RMB 1.47 billion in operation revenue, up 141.98% YoY.
In the first nine months of this year, COFCO Property saw its operation revenue amounted to RMB 2.7 billion, up 21.64% YoY, while its net profit for the nine-month period plunged 70.65% YoY to RMB 36.36 million.