Real estate companies' net profits soar in 2009

Net profits of the 34 real estate companies that had released their 2009 figures totaled 20.82 billion yuan last year, rising 39.91 percent over a year earlier, Shanghai-based business daily China Business News said Thursday.

Data from Wind Info showed that last year nine of the real estate companies saw their net profit more than double that of the previous year, the report said.

As of March 10, more than 300 listed companies have disclosed their figures for 2009, reporting net profits totaling 81.52 million yuan, up 40.92 percent year-on-year.

Source: chinadaily.com.cn