China Resources Land's Recurring Revenue Jumps 7% in June
MT Newswires Live
Jul 14
China Resources Land's (HKG:1109) recurring revenue rose 7.1% year over year in June to 4.46 billion yuan, according to a Hong Kong bourse filing on Monday.
Of the total, rental income from investment property rental surged 10.7% year over year to 2.87 billion yuan.
The company recorded contracted sales of about 23 billion yuan in June, down 2% from a year earlier, on contracted gross floor area of about 799,000 square meters, also down 11%.
For the first half, contracted sales grew 5.6% to 116.5 billion yuan, even as contracted GFA fell 23% to 3.16 million square meters. Cumulative recurring revenue reached 26.5 billion yen during the six-month period, up 7.6%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.