China Overseas Grand Oceans (0081) said operating profit for the first three quarters grew by 15.3 percent to 6.85 billion yuan (HK$7.97 billion). Revenue was up by 36.9 percent to 28.08 billion yuan during the period. Revenue and operating profit for the third quarter were 11.97 billion yuan and 2.45 billion yuan, respectively. In the third quarter, total contracted property sales reached 16.74 billion yuan with an aggregated contracted area of about 1.31 million sq.m. For the first nine months, the accumulated contracted property sales were 44.6 billion yuan, up by 15.6 percent year-on-year, while the are grew by 4.6 percent to 3.73 million sq.m.

Source: The Standard October 22, 2020 07:41 UTC