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China Listed Real Estate Companies Report 2006-Q12007
Research In China, June 2007, Pages: 20
In 2006, listed real estateenterprises realized prime operating revenue of RMB 92.748 billion and net profits of RMB 8.336 billion with a year-on-year increase of nearly 30% and 60% respectively. In the first quarter of 2007, such enterprises realized the prime operating revenue of RMB 21.01 billion and net profits of RMB 2.416 billion with an increase of 40% and 60% respectively from a year earlier. The prime operating costs of listed enterprises basically maintained the synchronized growth with the revenue with a gross margin stabilizing at around 30%. And profitability of real estate enterprises in 2006 and the first quarter of 2007 were very strong.
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