BEIJING, Jan. 18 (Xinhua) -- China's big-time developer Poly Developments and Holdings Group Co., also known as Poly Real Estate, reported on Monday a 3.39-percent year-on-year net profit increase in 2020 following steady property sales growth.
Net profit attributable to shareholders reached nearly 28.91 billion yuan (about 4.46 billion U.S. dollars) last year, the company said in a statement filed with the Shanghai Stock Exchange.
It generated combined revenue of around 245.23 billion yuan, increasing by 3.93 percent from the previous year.
The company achieved contract sales of 502.85 billion yuan, an annual growth of 8.88 percent in the whole year.
Shares of Poly Real Estate closed 2.84 percent higher at 15.96 yuan on the Shanghai market on Monday. Enditem
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