Sunac China Holdings Ltd.'s profit attributable to owners of the company for the six months ended June 30 totaled 10.29 billion yuan, a gain of 61.7% from 6.36 billion yuan in the prior-year period.
EPS for the first half grew 63.4% year over year to 2.37 yuan from 1.45 yuan.
The higher profits reported on Aug. 21 matches the Hong Kong-listed developer's forecast in July of an at least 45% year-over-year growth in its first-half attributable profit.
Sunac China's revenue from contracts with customers climbed 64.9% year over year to 76.84 billion yuan from 46.58 billion yuan. Furthermore, the company's gross profit rose 67.9% during the comparable period to 19.35 billion yuan from 11.53 billion yuan, while its operating profit increased to 15.70 billion yuan from 11.74 billion yuan.
Total comprehensive income for the first half jumped to 11.29 billion yuan from 6.78 billion yuan in the year-earlier period, according to the property company.
For the second year in a row, Sunac China's board did not propose a dividend for the first half.
As of Aug. 21, US$1 was equivalent to 7.06 yuan.
