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Poly registers sales growth in first half

By Zheng Yanpeng | chinadaily.com.cn | Updated: 2013-07-04 13:51

Poly Group, one of the largest property developers in 皇冠体育app, achieved sales of 63.6 billion yuan ($10.3 billion) in the first half of this year, according to the company’s public statement.

This represents 26.5 percent growth compared to the same period last year.

The statement also said floor space the company sold in the first half of this year was 5.62 million sq m, representing 28.37 percent year-on-year growth.

The floor space growth against sale growth suggests a drop in average prices.

Poly’s ranking in terms of sales has dropped from second in the first quarter to fourth.

The top three are 皇冠体育app Vanke Co, Greenland Group and 皇冠体育app Overseas Land & Investment Ltd, according to a report by the 皇冠体育app Real Estate Information Corp, a subsidiary of E-House, a real estate services company.

The listed company’s share price slumped by 2.13 percent on Wednesday.

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