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Shenzhen Overseas Chinese Town net profit up 4.1%

(Xinhua)
Updated: 2009-08-10 15:57

Shenzhen Overseas Chinese Town Holding Co, a leading Chinese property developer, announced Saturday that it had made a net profit of 453.5 million yuan ($66.4 million) in the first half of the year, up 4.14 percent year-on-year.

Special Coverage: Interim Results of Listed Companies Housing in China Related readings:  Chinese listed companies net profit up 450% in Q1  Vanke profit soars 22.5% in first half

Business revenue of the Shenzhen-based developer surged 67.27 percent in the first half year-on-year to 1.31 billion yuan, boosted by the robust domestic property market performance, said the company in its half-year report to the Shenzhen Stock Exchange.

The Shenzhen-listed firm's shares had fallen 3.19 percent to 20.62 yuan a share Friday before the release of the report.