Off the wire
• Interview: Financial stability a top priority in Hong Kong, says currency regulator chief  • Libyan FM sends letter to UN for aid against IS  • 18 militants killed in northern Afghan province  • China's Chen beat Lee Chong Wei to retain world badminton crown  • Athletic looking for glory, Barca seeking a miracle in Supercup return leg  • African climate experts to discuss mitigation actions in Rwanda  • Aerial bombardment kills 15 near Syrian capital  • Weather forecast for major Chinese cities, regions -- Aug. 16  • Weather forecast for world cities -- Aug. 16  • Evidence shows wartime Japanese military's crimes in enslavement of comfort women  
You are here: 　 Home

China Vanke H1 profit growth slows

Xinhua, August 16, 2015 Adjust font size:

China Vanke, the country's largest property developer by revenue, posted slower profit growth in the first half of 2015 compared with gains in the same period last year.

Net profits edged up 0.77 percent year on year to 4.85 billion yuan (about 757 million U.S. dollars) in the first six months, said a report on the website of the Shenzhen Stock Exchange. The growth was sharply down from a 5.55-percent increase in net profits in the first half of 2014 and a 22-percent increase in net profits in the first half of 2013.

The company's business revenue hit 50.3 billion yuan in the first six months, up 22.7 percent year on year.

China's property market took a downturn in 2014 after boom years and the cooling has continued into 2015. Endi