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Beijing Urban Construction's net profit up 15.6%

(Xinhua)
Updated: 2009-08-10 15:50

Beijing Urban Construction Investment and Development Co Ltd announced Saturday it had made a net profit of 185.5 million yuan ($27.15 million) in the first half of the year, up 15.56 percent year-on-year.

Special Coverage: Interim Results of Listed Companies Related readings:  Chinese listed companies net profit up 450% in Q1  Vanke profit soars 22.5% in first half                                           Shimao Property 2008 net profit plunges 79%

Company revenue surged 69.39 percent to 895 million yuan in six months, boosted by the upbeat domestic property market performance, said the developer in its half-year report to the Shanghai Stock Exchange.

Total assets of the Beijing-based firm rose 10.9 percent year-on-year to 11.78 billion yuan by the end of June.

The Shanghai-listed firm's shares had fallen 2.13 percent to 18.83 yuan a share Friday before the release of the report.