Property arm of China Resources records 136 percent profit rise to 806 million yuan

China Resources Mixc Lifestyle Services’ (1209) net profit rose 138 percent to 806 million yuan (HK$968 million), but no interim dividend is to be paid.

The property management arm of China Resources Land (1109) recorded a 28 percent increase in total revenue, amounting to 4.01 billion yuan.

Revenue from the residential property management services segment rose 42 percent to 2.39 billion. The amount from from the commercial operational and property management services segment rose 12 percent to 1.62 billion yuan.

The gross floor area of residential properties under the group’s management services rose 15.3 million square meters to 121.8 million square meters, compared with that of the end of 2020.