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China Resources logs YOY increase in 5-month sales

China Resources Land Ltd., along with its subsidiaries, recorded 53.14 billion Chinese yuan of contracted sales in the first five months of 2017.

The unaudited January-to-May figure, representing 3,652,665 square meters of sold gross floor area, corresponds to a 12% year-over-year increase.

For the month ended May 31, the group's contracted sales amounted to 12.14 billion yuan, up from 8.15 billion yuan in the year-ago period and from 10.58 billion yuan in the month-ago period.

China Resources also reported that profit from rent on investment properties in the first five months of 2017 rose 13% year over year to approximately HK$3.22 billion.

As of June 9, US$1 was equivalent to 6.80 Chinese yuan.