China Overseas Grand Oceans Group (COGO) (00081) said its turnover were HK$874 million and HK$8,768 million for the three months and nine months ended 30 September 2014, a decrease of 69.7% and 19.5% over the same period last year.
Operating profits for the relevant periods were HK$108 million and HK$2,093 million, down 87.6% and 39.45% year-on-year.
In the third quarter of 2014, sales of properties were satisfactory and also the property sales in Shaoxing have been launched. Total contracted property sales reached HK$4,781 million. For the nine months ended 30 September 2014, accumulated contracted property sales amounted to HK$13,001 million. Also, as at 30 September 2014, the balance of preliminary sales pending the completion of sales and purchase agreements was HK$2,177 million for an aggregated area of 191,800 square metres.
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