Friday, May 08, 2009

Vanke's sales jump

CHINA Vanke Corp, the country's largest publicly listed developer, said sales jumped 22 percent from a year earlier to 5.27 billion yuan (US$771 million) last month.

The company sold a total of 595,000 square meters of houses nationwide in April, a year-on-year rise of 23 percent, Vanke said in a statement to the Shenzhen Stock Exchange yesterday. On a month-over-month basis, sales dropped 14 percent while volume of space sold fell 18 percent. During the first four months, Vanke's sales rose 21 percent to 17.49 billion yuan from a year earlier.

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