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Gemdale's sales up 37% in Oct

Nov. 8, 2012 (China Knowledge) - Gemdale Corp<600383>, a Shanghai-based real estate developer, has said its property sales surge 37.4% YoY to RMB 3.67 billion in October this year.

Last month, the developer sold 312,000 square meters of properties, 62.8% more than in the same month of last year.

In the first ten months of this year, Gemdale's property sales grew 16% YoY to RMB 25.99 billion, and sold area rose 34.5% YoY to 2.22 million sq m.

In the first nine months of this year, the Shanghai-listed real estate developer saw its operation revenue grew 80.68% YoY to RMB 11.74 billion, and its net profit for the period hit RMB 921 million, up 91.91% from a year earlier.

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