Longfor Group's H1 Profit Rises; Shares Climb 5%

MT Newswires · 08/26/2022 14:08

02:06 AM EDT, 08/26/2022 (MT Newswires) -- Longfor Group's (HKG:0960) attributable first-half profit rose from a year ago, driven by higher revenue, a Friday filing showed.

Profit at the real estate developer rose to 7.48 billion yuan ($1.09 billion), or 1.253 yuan per share, from 7.42 billion yuan, or 1.238 yuan per share, a year ago.

Revenue jumped to 94.80 billion yuan from 60.62 billion yuan a year earlier.

Longfor declared a dividend of 0.33 yuan per share, payable Jan. 20, 2023, payable to shareholders as of Nov. 30.

Shares jumped more than 5% in Friday's afternoon trading.

Price (HKD): $26.50, Change: $+1.25, Percent Change: +4.95%

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