China Overseas Grand Oceans Group (COGO) (00081) said its turnover was HK$2,429 million for the three months ended 31 March 2014 while the operating profit was HK$725 million, a decrease of 29% and 23.7% over the same period last year.
For the first three months of 2014, the contracted property sales amounted to about HK$2,380 million, down 42.3% year-on-year, for an aggregated area of 257,800 square metres sold. Also, as at 31 March 2014, the balance of preliminary sales pending the completion of sales and purchase agreements was HK$1,345 million for an aggregated area of 123,600 square metres.
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