Yuexiu Property (0123) said interim net profit grew by 6.7 percent on-year to 1.99 billion yuan (HK$2.23 billion). Revenue was around 23.71 billion yuan, representing a period-to-period increase of 8.8 percent. The value of aggregate contracted sales increased by 1.8 percent to 37.56 billion yuan, and achieved 46.8 percent of the full-year sales target of 80.2 billion yuan. Contracted sales value of “railway + property” projects was 5.05 billion yuan. As of June 30, the total landbank was 23.63 million sq m , and the landbank of Greater Bay Area was 12.73 million sq m, accounting for 53.9 percent of the total land bank.

Source: The Standard August 24, 2020 09:33 UTC