Poly Real Estate Group Co., Ltd.(Poly), China's second largest property developer by market value, said Tuesday its January sales based on signed contracts soared over 140 percent from a year earlier.
Poly Real Estate Group Co., Ltd, China's second largest property developer by market value, said Wednesday its 2009 net profit jumped 57.19 percent from a year ago to 3.519 billion yuan (515 million U.S. dollars)
Poly Real Estate Group Co., Ltd., a leading Chinese listed developer, sees its sales value up more than 150 percent in the first ten months, boosted by the upbeat domestic property market.
Poly Real Estate Group Co, China's second largest listed property developer after Vanke, surprised the market yesterday by posting a 50 percent increase in 2008 earnings amid a market slump.
Poly Real Estate Group Co., Ltd., China's second largest property firm by market value, made 1.489 billion yuan in net profit in 2007, up 121.8 percent year on year.