Others News
- Guangdong News
Date: 4-Jun-2007 Sources: (Shenzhen Daily)
CHINA Merchants Property Development Co. said Friday it expected net profit for the first half of 2007 to rise about 150 percent from a year earlier.
Merchants Property, a mid-sized property developer based in Shenzhen, posted 138 million yuan (US$18 million) net profit for the first half of 2006. Based on newly imposed accounting standards, the rise in profit would be about 110 percent, it added.
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