Gemdale’s First-Half Net Income Falls 61% From Year Earlier

Date:2011-08-24liuhongli  Text Size:

Aug. 22 (Bloomberg) -- Gemdale Corp.’s net income in the first half of the year fell 61 percent from a year earlier to 478.3 million yuan, according to the company’s statement to the Shanghai Stock Exchange on Aug. 19.

The property developer will keep expanding its investment in the second- and third-tier cities this year, the statement said.

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