Revenue and Profits at Listed Real Estate Companies Fall in First Quarter
Published:
2011-05-03
The first quarter reports of all the real estate companies listed on China's domestic stock markets have been submitted. According to data supplied by Wind and in keeping with the official classifications of the China Securities Regulatory Commission (excluding troubled stocks that have already been labeled ST), the combined gross income of all of the 113 real estate companies listed on the two domestic boards dropped from 57.44 billion in the first quarter of 2010 to 54.65 billion in the opening quarter of this year, a drop of 4.86%. Net profits also fell 1.1%, down from last year's 8.29 billion to 8.19 billion.
Source
Securities Daily
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