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China Fortune Land FY'17 net attributable profit up 35% YOY

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China Fortune Land FY'17 net attributable profit up 35% YOY

China Fortune Land Development Co. reported a net profit attributable to shareholders of roughly 8.78 billion yuan for the 2017 full year, reflecting a 35.26% year-over-year increase.

The company's sales volume surged 26.50% year over year to roughly 152.21 billion yuan.

The Beijing-based industrial real estate developer said its monetary funds peaked at roughly 68.11 billion yuan and accounted for 18.12% of its total assets.

As of March 29, US$1 was equivalent to 6.29 Chinese yuan.