Hopson Development reports profit slump

Real Estate

Friday, September 05, 2008 23:42:22

	Hopson Development reports profit slump By STAFF EDITOR Published: September 25, 2007 10:53 PM Hopson Development Holdings, a Chinese real estate developer, said Monday its first-half profits declined 4% year-on-year to US$53.92 million (HK$419.3 million) because of new government requirements forcing it to redesign and delay projects in Beijing, Guangzhou, and Tianjin, the Jinghua Times reported. Operating revenues slumped 30% to US$182.6 million (... You are currently reading 48 words of 148 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: Tianjin , Beijing , EA , real estate	More Articles in Real Estate > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Fuzhou property firm makes US$29m profit on mall sale Ji County a magnet for property developers Huaye Real Estate takes 60% of investment firm Gemdale revenue up despite sales drop CCB targets HK Ritz Carlton Mariott to expand Beijing hotel empire Poly Real Estate revenues up 25% YTD

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