China Overseas Land Says 1H Profit Rises as Sales Expand
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China Overseas Land & Investment Ltd., the country’s biggest developer by market value listed in Hong Kong, said first-half profit climbed 32 percent as it sold more properties.
Net income rose to HK$11 billion ($1.4 billion), or HK$1.34 a share, from HK$8.38 billion, or HK$1.02 a share, a year earlier, the company said in a stock-exchange filing today. Sales increased 27 percent to HK$32.2 billion, it said.