Sep. 14, 2009 (China Knowledge) - Shenzhen Investment Ltd<0604>, a mid-market property developer in southern ChiGame Time Cardsna, said its profit attributable to shareholders rose 78% year on year to HK$522 million in the first half of this year.
In the first six months of the year, the company's total turnover jumped 124% yGame Time Cardsear on year to HK$1.97 billion, boosted by the continuing operations. Basic earning per share increased 78% year on year to 16.23 HK cents, according to the company's interim results statement.
This year Game Time Cardsthe firm plans to sell units in 19 projects, most of which were not yet up for sale in the first half of the year. Property sales soared 783% from a year ago to HK$1.13 billion during the period, driven by saGame Time Cardsles of units in 5 uncompleted projects in the first half and in projects from the end of 2008 at the subsidiary level.
Guo Limin, the newly appointed chairman of the company, said that the results show that the Game Time Cardscompany maintained stable and encouraging growth in business and profitability in the first half.
Shenzhen Investment still has an optimistic outlook for China's property sector, said Guo.
The company will conGame Time Cardstinue its aggressive effort in property sales. It has already increased its sales target for 2009 from RMB 3.8 billion to RMB 4.5 billion, according to the statement.
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