Soho China 2013 Earnings Rise as More Properties Completed
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Soho China Ltd., the biggest developer in Beijing’s central business district, said 2013 earnings rose 33 percent as more properties were completed and booked during the year.
Profit excluding property revaluations climbed to 4.44 billion yuan ($722 million), from 3.34 billion yuan a year earlier, according to a statement to the Hong Kong exchange. That compares with the 3.79 billion yuan average estimate of 17 analysts surveyed by Bloomberg News. Revenue fell to 14.6 billion yuan compared with 16.1 billion yuan in 2012.