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China Resources Land's H1 attributable profit grows 43.8% YOY

China Resources Land Ltd. said its profit attributable to owners of the company for the six months ended June 30 increased by 43.8% to 12.73 billion yuan from 8.85 billion yuan in the year-ago period.

Basic EPS for the first half amounted to 1.84 yuan, a gain of 43.8% from 1.28 yuan per share in prior-year period.

The Chinese developer's revenue rose year over year to 45.85 billion yuan from 43.78 billion yuan, while its gross profit declined to 17.52 billion yuan from 21.07 billion yuan in the prior-year period.

In the first half, China Resources Land added 10.21 million square meters to its land bank, bringing its aggregate land bank up to June 30 to approximately 67.37 million square meters.

During the reporting period, the property company's board declared a dividend of 12.9 fen per share, reflecting a 17.3% improvement from the 11 fen per share it distributed in the year-earlier period.

As of Aug. 19, US$1 was equivalent to 7.05 yuan.