China SCE Property (01966) said its profit attributable to owners of the parent for the six months ended 30 June 2017 rose 60.7% year-on-year to Rmb1,013.5 million.
Core profit attributable to owners of the parent jumped 106.2% year-on-year to Rmb939 million.
Basic and diluted earnings per share were Rmb29.6 cents and Rmb29.3 cents.
Revenue amounted to Rmb8,166 million, an increase of 40.9% from a year earlier. Contracted sales amount increased by 30.7% to Rmb15,524 million.
Gross profit grew 68% year-on-year to Rmb2,505 million. Gross profit margin increased from 25.7% in the first half of 2016 to 30.7% in the first half of 2017, which was attributable to a higher proportion of products in first-tier cities with relatively higher gross profit margin delivered during the period.
The China SCE Property Board resolved to declare an interim dividend of HK6 cents (2016: Nil) per share, payable on or about 9 October.
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