Centraland’s Profit For The Year Rises 43.4% To RMB17.4 Million
Publish Date:
26 February, 2011 - 12:40
- Revenue up 99.5% to RMB309.2 million, due mainly to the sale and delivery of units in Guoling Shanshui Phase III and J-Expo 1
- Stronger recurring income streams from rental income and property management of Jiancai Gang
- Group continues to hold a favourable view over prospects of the commercial real estate sector in the PRC
| RMB' Mil | FY2010 | FY2009 | % Change |
|---|---|---|---|
| Revenue | 309.2 | 155.0 | + 99.5% |
| Gross Profit | 155.1 | 94.0 | + 65.0% |
| Profit for the year | 17.4 | 12.2 | + 43.4% |
Singapore, February 25, 2011 – CentraLand Limited (中部大观地产有限公司)
(“CentraLand”, and together with its subsidiaries, the “Group”), a leading Zhengzhou- based property developer and property manager focusing mainly on specialty wholesale trading hubs, announced today a full-year profit of RMB17.4 million for the financial year ended December 31, 2010 (“FY2010”), up 43.4% from RMB12.2 million in the previous year (“FY2009”). This was achieved on the back of revenue growth of 99.5% to RMB309.2 million, up from RMB155.0 million in FY2009.
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