Evergrande Profit Falls 23% as Property Marketing Costs Rise

  • Revenue rose 13% to 87.5 billion yuan as home sales rose
  • Borrowings rise by 28% as Evergrande goes on buying spree

China Evergrande Group, one of China’s most-indebted listed property developers, said first-half profit fell 23 percent as rising sales were offset by higher costs for selling homes and servicing debt.

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