Dec. 4, 2012 (China Knowledge) - Guangzhou R&F Properties Co Ltd<2777
>, a real estate developer based in Guangzhou
Province, has said its contractual sales surge 33% YoY to RMB 2.75 billion in November this year.
The developer sold 253,000 square meters of properties last month, 19% more than in the same month of last year.
In the first eleven months of this year, the company's contractual sales amounted to RMB 29.2 billion, up 11% YoY. Sales area jumped 30% to 2.63 million sq m in the period.
The company earlier said that its operation revenue for the first half of this year plunge 23% YoY to RMB 8.44 billion, while its net profit for the six-month period decreased 35% YoY to RMB 1.3 billion.