China Overseas Land & Investment Ltd

00688: XHKG (HKG)
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COLI Earnings: Margin Pressure Offset by Robust Property Sales; Shares Remain Attractive

China Overseas Land and Investment's first-quarter revenue rose 1% year on year. However, operating profit declined by 27% due to weaker margins of delivered units. Forward sales momentum remained solid, with contracted sales up 11% on strong demand in affluent cities.

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