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Greenland HK sees rosy 2017
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Greenland Hong Kong Holdings Ltd, the only overseas-listed real estate platform of state-backed developer Greenland Group, posted a surge in profit for 2017, mainly due to robust growth in sales.
The Hong Kong-listed developer’s net profit jumped 73 percent from 2016 to 1.84 billion yuan (US$293 million) between January and December, it said in a filing to the Hong Kong stock exchange.
Net profit attributable to owners of the company totaled 1.32 billion yuan during the same period, an annual rise of 19 percent.
Contracted sales soared 65 percent to 30.11 billion yuan, while sales area climbed 55 percent to 2.27 million square meters, the company said.
Greenland Hong Kong is also tapping into other areas such as health care to boost its future growth, it said.
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