China Overseas Land First-Quarter Unaudited Operating Profit HK$7.8 Billion

By Joanne Chiu Features Dow Jones Newswires

China Overseas Land & Investment Ltd. (0688.HK) reported an unaudited operating profit of 7.8 billion Hong Kong dollars ($1 billion) for the first quarter, up 9.7% from the previous year.

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The blue-chip property developer said Friday that first-quarter revenue was HK$27.42 billion, compared with HK$24.72 billion a year earlier, on higher property sales.

Write to Joanne Chiu at joanne.chiu@wsj.com

(END) Dow Jones Newswires

April 21, 2017 05:28 ET (09:28 GMT)