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China Resources Land 2019 Net Profit Rose 18%

   By Justina Lee 
 

China Resources Land Ltd. posted a 18% rise in 2019 net profit, helped by higher contracted property sales.

Net profit rose to 28.67 billion Chinese yuan ($4.03 billion) from CNY24.24 billion the prior year, while revenue grew to CNY147.74 billion from CNY121.19 billion.

China Resources Land has proposed a final dividend of CNY0.937 per share for 2019.

 

Write to Justina Lee at justina.lee@wsj.com

 

(END) Dow Jones Newswires

March 26, 2020 00:47 ET (04:47 GMT)

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