Tuesday, March 11, 2008

E-house China 2007 net soars 130%

E-House (China) Holdings Ltd, the country's largest integrated real estate service provider, posted a strong increase of 130% year-on-year in net profit to hit US$41.7 million last year, said the company on Friday.

Revenues climbed to US$121 million in 2007, up 116% from the previous year. The Shanghai-based company estimated the full-year revenue would reach US$240 million this year, up 98% from 2007.

Established in 2000 and listed in New York last year, E-house is engaged in providing primary real estate agency services, secondary real estate brokerage services as well as real estate consulting and information services.

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