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Poly Developments & Holdings 2020 Net Profit Rose 3.4%

Provided by Dow Jones By Yifan Wang Poly Developments & Holdings Group Co. said its 2020 net profit edged up 3.4% from a year earlier, thanks to higher sales. The Chinese developers net profit was 28.91 billion yuan ($4.46 billion), it said Monday. Revenue rose 3.9% to CNY245.26 billion, mainly driven by sales recognition from completed property projects during the year. Meanwhile, contracted sales grew 8.9% to CNY502.85 billion, Poly Developments said. Writ...
Yifan Wang Dow Jones Company Inc Developments Holdings Group Co Holdings Group Poly Developments Dow Jones

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