Shimao Property 1st-Half Net Profit Up 59% On Strong Property Sales

Date:2011-09-01     Source:yangshujielile  Text Size:

HONG KONG -(Dow Jones)- Shimao Property Holdings Ltd. (0813.HK) said Wednesday its first-half net profit rose 59% from a year earlier, driven by higher sales.

The Shanghai-based developer said net profit for the six months ended June 30 was CNY3.8 billion, up from CNY2.4 billion a year earlier.

Revenue rose 21% to CNY12.2 billion from CNY10.0 billion.

The company declared a first-half dividend of HK$0.22, up from HK$0.15 last year.

Copyright © 2011 Dow Jones Newswires

 

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