Oct. 30, 2012 (China Knowledge) - China State Construction Engineering Corp Ltd<601668
>, China's largest property and construction conglomerate, has announced its net profit rose 10.5% YoY to RMB 3.51 billion in the third quarter of this year.
According to a report filed in Shanghai Stock Exchange
, basic earnings per share were RMB 0.12 during the period.
From January to September, the company saw its net profit amount to RMB 10.68 billion, reflecting a YoY increase of 10.2%, while its operating revenue for the period grew 13.5% YoY to RMB 393.93 billion.
In the first nine month of this year, China State Construction Engineering's property sales totalled RMB 90.5 billion, up 33.7% YoY, while its sales area for the nine-month period surged 45.2% YoY to 7.61 million sq m.
As of the end of last month, the company had a total of 63.3 million sq m in land reserve.