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China listed property firms’ 2012 profits jump 22pct

Posted on 28 March 2013

The combined net profits of 36 listed real estate companies to release complete financial reports was 29.9 billion yuan ($4.81 billion) in 2012, up 22% year on year.
Early last year, analysts and developers were conservative in their predictions for the year as housing curbs enacted by the government in January 2010 made it difficult to sell homes. Developers were also having a hard time buying plots of land due to inadequate cash flow………………………………………..Full Article: Source


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