Soho underlying profit rises

Soho China Ltd, the biggest developer in Beijing's central business district, said the 2012 underlying profit rose 1.4 times as more properties were delivered during the year. Profit, excluding revaluations, rose to 3.34 billion yuan ($537 million), from 1.42 billion yuan a year earlier, according to a statement to the Hong Kong stock exchange. That compares with the 3.64 billion yuan median estimate of analysts surveyed by Bloomberg News. Revenue rose 1.7 times to 15.3 billion yuan.

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