Financial Street First-Half Profit Falls 33% on Change in Property Value

Financial Street Holding Co. posted a 33 percent decline in first-half net income to 508 million yuan after a change in the value of some of its property, according to a statement to Shenzhen’s stock exchange.

The company’s sales gained 32 percent from a year earlier to 1.98 billion yuan, according to the statement.

To contact the reporter on this story: Zhe Huang in Beijing at zhuang37@bloomberg.net

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