Logan Property (03380) said its profit attributable to equity shareholders for the six months ended 30 June 2014 surged 195.4% year-on-year to Rmb1,286.3 million.
Profit excluding changes in fair value of investment properties and the relevant deferred tax grew 66.3% to Rmb679.6 million. Contracted sales amounted to Rmb5,540.9 million, a decrease of 4.3% year-on-year.
Its basic and diluted earnings per share were Rmb25.73 cents.
The turnover was Rmb4,779.8 million, an increase of 43.4% from a year earlier. Gross profit margin dropped to 30.3% from 30.8% for the same period last year.
No interim dividend will be distributed.
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