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China Overseas' (00688) Q1 operating profit rises 5.3%
18 Apr 2019
(Infocast News) For the first quarter through March, China Overseas Land & Investment (00688) recorded revenue of HK$28.18 billion, operating profit of HK$8.68 billion - up 5.3% on year, and contracted property sales of HK$79.54 billion - a rise of 20.8%.

The group aims at achieving annual sales target of at least HK$350 billion.

At the end of the quarter, the group's bank balances and cash amounted to HK$95.98 billion and net gearing was 38.3%.

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