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Guangzhou R&F Properties' sales up 33% in Nov

Dec. 4, 2012 (China Knowledge) - Guangzhou R&F Properties Co Ltd<2777>, a real estate developer based in Guangzhou and Foshan of Guangdong 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.







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