Longfor Properties Co.'s (0960.HK) net profit in the first half of the year rose 18% from a year earlier, on higher property sales and rental income.
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The Chinese real estate developer said Wednesday that its net profit for the six months ended June 30 was 4.40 billion yuan (US$659.1 million) compared with a net profit of CNY3.73 billion a year earlier. Its revenue rose 1.2% to CNY18.59 billion from CNY18.37 billion a year ago. It recommended an interim dividend of CNY0.20 per share.
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(END) Dow Jones Newswires
August 16, 2017 00:36 ET (04:36 GMT)