Friday, July 10, 2020
Martin Hennecke

Soho China sees 31pc fall
Mainland commercial property operator Soho China (0410) said net profit last year fell 30.85 percent to 1.33 billion yuan (HK$1.45 billion). Revenue rose 7.3 percent year-on-year to 1.85 billion yuan in 2019 from a year before. Basic earnings per share were 0.26 yuan and no final dividend was declared. In other news, Guo Ziwen, chairman of China Aoyuan (3883) said it will raise the full-year sales target by 12 percent this year, which is expected to be around 141.6 billion yuan. Around 99 percent of its sales offices have reopened and 94 percent of construction projects have resumed, said the company. The developer's core net profit last year rose 67 percent from a year ago to 5.1 billion yuan.
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