Centraland Reports Revenue of RMB29.9 Million and Net Profit of RMB2.8 Million for 1Q2010
Publish Date:
14 May, 2010 - 12:00
NEWS RELEASE
CENTRALAND REPORTS REVENUE OF RMB29.9 MILLION AND NET PROFIT OF RMB2.8 MILLION FOR 1Q2010
- Stronger recurring income streams from property management and rental income
- Continued sales of residential units at Guoling Shanshui Phase III Stage 1 despite overall dampened market sentiment
- Encouraging take-up rate of 42% as at May 10, 2010 ;
- Aggregate value of pre-sales increased from RMB73.9 million as at Jan 4, 2010 to RMB113.9 million as at May 10, 2010;
- Overwhelming interest in small commodities wholesale trading centre J-Expo 2
- Rate of registration of interest for the 2,500 retail units more than doubled from 99.7% as at Jan 4, 2010 to 229.4% as at May 10, 2010;
- Pre-sales to start later this year
- Remains optimistic on the prospects for the development of commercial wholesale trading centres
Singapore, May 14, 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 RMB2.8 million and revenue of RMB29.9 million for the three months ended March 31, 2010 (“1Q2010”).
See attachment for full news release.
