Landsea Green posts 460m yuan profit

Business | 19 Aug 2019 4:21 pm

Mainland developer Landsea Green (0106) said  net profit for the first half grew by 25 percent year-on-year to 460.7 million yuan (HK$512.86 million).

It also announced a change of the comapny's name to Landsea Green Properties.

Revenue grew by 3.6 percent from a year ago to 2.09 billion yuan.

The company secured 16 projects, of which eight were in the China and eight were in the United States. It had project reserves with a gross floor area of 6.72 million square meters and expects saleable value of 122 billion yuan.

 

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