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China Overseas aims for HK$100bln in property sales for 2013

Posted on 19 March 2013

China Overseas Land & Investment, one of the biggest developers on the mainland, is aiming for sales this year of at least HK$100 billion. Chairman Kong Qingping described it as a conservative forecast, as the target has taken into account unfavourable circumstances the market could face.
Kong spoke to reporters as the company announced a 21.1 per cent jump in net profit last year to HK$18.72 billion, or HK$2.29 a share, up from a restated HK$15.46 billion, or HK$1.89 a share, a year earlier. China Overseas said its core profit, excluding property revaluation, climbed 21.4 per cent to HK$15.8 billion. Turnover rose 25.8 per cent to HK$64.58 billion………………………………………..Full Article: Source


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