Wednesday, August 13, 2014

Ying Li swings back to black with $2.8 mil profit in 2Q

Ying Li International Real Estate has reversed its losses with a net profit of 13.98 million yuan ($2.84 million) for the second quarter ended June 30 (2Q2014). This compares to a loss of 17.19 million yuan in 2Q2013.

Revenue surged 175.5% to 246.33 million yuan from a year ago, boosted by revenue recognition from the handover of residential units in the Ying Li International Plaza project.

Earnings per share came in at 0.006 yuan per share compared to a loss of 0.008 yuan per share in 2Q2013.


 

No comments:

Post a Comment