China Resources Land February contracted sales fall 26% to RMB10.05 billion

Reuters
Mar 13
China Resources Land February contracted sales fall 26% to RMB10.05 billion

China Resources Land reported February gross contracted sales of RMB10.05 billion, down 26% year over year. Contracted GFA for the month was 0.29 million square meters, down 51% year over year. For the first two months, gross contracted sales were RMB21.7 billion, down 14% year over year. Cumulated recurring revenue for the first two months was RMB9.05 billion, up 8% year over year. Cumulated rental income from the investment property business was RMB6.3 billion, up 15% year over year.

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