Modern Land (China) (01107) said its profit attributable to owners for the six months ended 30 June 2014 rose 28.6% year-on-year to Rmb236 million.
Its basic earnings per share were Rmb14.7 cents.
The revenue was Rmb1,882.3 million, an increase of 51.4% from a year earlier. The contracted sales amounted to Rmb2,284.1 million, up 36.2% year-on-year. The gross profit margin remained relatively stable at about 45.9%, as compared to 43.5% for the same period in 2013.
No interim dividend will be distributed.
Besides, Zhong Tianxiang has resigned as the chief executive officer and Fan Qingguo has resigned as the chief financial officer as they need more time to deal with their personal matters, with effect from 26 August.
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