July 26 -- Property developer Sunyoung Properties (000670) recorded a 502.31 percent year-on-year increase in first half 2011 net profit to 6.11 million yuan, with earnings per share of 0.224 yuan, up 505.41 percent, reports 163.com, citing a company filing.

Sales revenue increased 45.96 percent year-on-year to 41.89 million yuan.

According to the company, it benefited from an increase in transaction value during the reporting period.