China Overseas Land Sept sales fall 18%
Updated: 2011-10-12 15:52
(Agencies)
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China Overseas Land & Investment Ltd, the country's largest property developer by market value, said sales in September totalled HK$6.6 billion ($848.33 million), down 18 percent from a year earlier.
The fall marked a second consecutive year-on-year decline in monthly sales revenue.
Property sales in the first nine months totalled HK$71.3 billion, an increase of 54.7 percent from a year earlier, according to a statement on the developer's website.
The company's shares were up 0.96 percent at the midday trading break against a 0.63 percent gain in the benchmark Hang Seng Index.
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