Vanke Profit Gains on Strong Sales Amid Ownership Fight

Updated on
  • Net income rises 10 percent on year to 5.35 billion yuan
  • Home-market recovery helps boosts sales by 49 percent

Battle For Control: Politics Behind Vanke's Struggles

China Vanke Co., the developer at the center of a battle for control, posted a 10 percent increase in first-half profit as a home-market recovery boosted sales, helping offset uncertainties over the company’s future because of the ownership struggle.

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