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2010 August Business Updates

2010 August Business Updates

Write: Gabriel [2011-05-20]
During August 2010, contracted sales GFA amounted to approximately 24,000 square meters while contracted sales revenue totaled approximately RMB504 million, representing increases of 17% and 81% year-on-year respectively and representing month-on-month increases of 124% and 167% respectively.
For the eight months ended 31 August 2010, contracted sales GFA amounted to approximately 366,500 square meters while contracted sales revenue totaledRMB6,116 million, representing year-on-year increases of 49% and 142% respectively, and representing 68% and 77% of the Group s full-year targets of 540,000 square meters and RMB7,900 million respectively.
For the period from 1 January 2010 to 31August 2010, the Group s sales of GFA and revenue, including contracted sales and preliminary sales (of which formal sale contracts are expected to be entered into soon), amounted to 378,600 square meters and approximately RMB6,339 million respectively, representing 70% and 80% of this year s targets of 540,000 square meters and RMB7,900 million respectively.
Yuexiu Property Company Limited
Yuexiu Property Company Limited (HKEx Stock Code: 00123) (the Company ) was listed in Hong Kong in 1992 and is one of the top 10 integrated property developers in Guangzhou with its businesses mainly concentrated in the Guangzhou area.
Disclaimer
The Company wishes to remind investors that the above operational statistics are based on the Group s internal records which are unaudited. Differences may arise between such statistics and the data disclosed in subsequent audited financial statements. Such statistics are provisional and for reference purposes only. Investors are cautioned not to rely unduly on such statistics.