Longfor Logs 5 Billion Yuan in October Contracted Sales

MT Newswires Live
Nov 10

Longfor Group (HKG:0960) recorded contracted sales of 5 billion yuan in October, with a gross floor area (GFA) of 446,000 square meters, according to a Nov. 7 Hong Kong bourse filing.

Shares of the property developer gained nearly 1% in Monday morning trade.

Contracted sales attributable to shareholders reached 3.54 billion yuan, covering 326,000 square meters of GFA.

From January to October, the developer achieved aggregate contracted sales of 55.7 billion yuan, representing 4.39 million square meters of GFA sold.

As of the end of October, recurring income stood at nearly 22.2 billion yuan, comprising 11.7 billion yuan from operations and 10.4 billion yuan from services, the filing said.

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