Yanlord: Posts 1H 2019 Revenue Of RMB7.712 Billion, Strong Take Up Of Recent Launches Drives Pre-Sale Accumulation.13 Aug 2019 23:47
Accumulated contracted pre-sales and subscription sales by the Group including its joint ventures and associates from the sale of properties for the period of January to June 2019 rose 77.9% to approximately RMB20.735 billion over the same period in 2018. In-line with the Group's delivery schedule, a larger portion of pre-sales is expected to be recognised in second half of 2019. Revenue in 1H 2019 was RMB7.712 billion with a gross profit margin of 46.5%. 1H 2019 profit attributable to owners of the Company was RMB1.188 billion. Buoyed by healthy pre-sales and cash collection in 1H 2019, net debt to total equity gearing ratio of the Group declined to 65.2% as at 30 June 2019 from 96.8% as at 31 December 2018. Cash and cash equivalents as at 30 June 2019 stood at RMB16.940 billion. Yanlord's quality developments continued to receive positive market response, a total of 483 apartment units were sold during its two latest launches in Suzhou garnering over RMB1.887 billion in total pre-sales...
Source: ShareInvestor Express