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The houses sold by Gemdale, one of China's top real estate developers, measured 1.0381 million square meters with a hike of 88.27%, according to latest statistics.
In the first half, its operating revenue and after-tax net profit soared 54.05% and 41.68% separately from a year earlier to CNY 3.49 billion and CNY 370 million.
The company decided to moderately lift the area of houses to break earth in the second half of this year. In the entire 2009, houses expected to kick off construction will measure 1.57 million square meters, rising from the previously planned 1.35 million square meters. Those expected to be completed will measure 1.7 million square meters, jumping 27% from a year earlier. Its sales value is predicted to leap 20% year on year to CNY 13.7 billion.
Source: www.mysteel.com (August 10, 2009)
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