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China Vanke Q1 net profit up 16pct amid market recovery

Posted on 23 April 2013

China Vanke, the country’s largest real estate developer posted a 16 per cent rise in first-quarter profit on the back of strong sales.Net income during the Jan-March period rose to 1.61 billion yuan (S$323 million) from 1.4 billion yuan a year earlier, the company said in an exchange filing.
The company posted revenue of 14 billion yuan, up 35 per cent from 10.35 billion yuan a year ago………………………………………..Full Article: Source


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