Centraland Registers Second Quarter Revenue Of RMB31.0 Million And Net Profit Of RMB1.3 Million
Publish Date:
13 August, 2010 - 01:00
NEWS RELEASE
CENTRALAND REGISTERS SECOND QUARTER REVENUE OF RMB31.0 MILLION AND NET PROFIT OF RMB1.3 MILLION
- 2Q2010 revenue up 50.8% due to stronger recurring rental income and property management fees
- Guoling Shanshui Phase III Stage 1 achieves 54.6% take-up rate and pre-sales aggregate value of RMB149.8 million as at 4 August 2010
- Construction of small commodities wholesale trading centre J-Expo II to start in end of third quarter 2010; Pre-sales to start in second quarter of 2011
- Continues to enhance capabilities in commercial property management
Singapore, August 12, 2010 – 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, today announced a net profit of RMB1.3 million for the three months ended June 30, 2010 (“2Q2010”). Group revenue increased 50.8% from RMB20.6 million for the three months ended June 30, 2009 (“2Q2009”) to RMB31.0 million in 2Q2010.
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