Longfor Properties 1st Half Net Profit CNY4.40 Billion

By Joanne Chiu Features Dow Jones Newswires

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.

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

(END) Dow Jones Newswires

August 16, 2017 00:36 ET (04:36 GMT)