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Construction: Vanke sees 9-month net profit up

(Shanghai Daily)
Updated: 2006-09-29 14:57

China Vanke Co., the country's biggest listed property developer, said Thursday it expected net profit for the first three quarters of 2006 to increase by 50 to 60 percent from a year ago.

Vanke, whose first-half earnings jumped 54 percent, posted 872 million (US$110 million) in net profits in the January through September period of 2005.

(For more biz stories, please visit Industry Updates)
 
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