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Evergrande Earnings Rise 66% as Developer Sells More Homes

Evergrande Real Estate Group Ltd., China’s third-biggest developer by area sold, said 2013 earnings rose 66 percent after it sold and completed more properties as the government didn’t add to nationwide curbs.

Profit excluding valuation gains or losses rose to 10.31 billion yuan ($1.66 billion) from 6.2 billion yuan a year earlier, the company said in a statement to the Hong Kong stock exchange today. That compares with the 8.6 billion yuan average estimate of 18 analysts surveyed by Bloomberg. Revenue jumped 44 percent to 93.67 billion yuan.