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Soho China 2012 Underlying Profit Doubles as More Sales Booked

Soho China Ltd., the biggest developer in Beijing’s central business district, said 2012 underlying profit rose 1.4 times as more properties were delivered during the year.

Profit excluding revaluations climbed to 3.34 billion yuan ($537 million), from 1.42 billion yuan a year earlier, according to a statement to the Hong Kong exchange. That compares with the 3.64 billion yuan median estimate of analysts surveyed by Bloomberg News. Revenue rose 1.7 times to 15.3 billion yuan.