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| Thursday, October 16, 2008 00:25:48 |
Real estate profit broke 120 billion RMB in 2004
According to statistics announced on the
16th, China's
real estate enterprises realized profits of 122.55 billion yuan (US$15.15
billion) in 2004, the Beijing Times
reports. The industry had revenues of 1.474 trillion yuan (US$182 billion).
Broken down, the profit figures how development at 103.5 billion yuan, property
management at 4.12 billion, real estate agency at 4.66 billion, and other
affairs at 10.25 billion. The industry's liability to asset ratio was 72.6%
overall, or 74.1% for development and 62.5% for management.
Link:
http://www.bjt.net.cn/news.asp?newsid=130941
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