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.
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(END) Dow Jones Newswires
March 26, 2020 00:47 ET (04:47 GMT)Copyright (c) 2020 Dow Jones & Company, Inc.