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China Yuanbang swings back to profitability in 3Q on revenue surge

Stanislaus Jude Chan
Stanislaus Jude Chan5/15/2018 05:47 PM GMT+08  • 1 min read
China Yuanbang swings back to profitability in 3Q on revenue surge
SINGAPORE (May 15): China Yuanbang Property Holdings reported earnings of RMB 28.2 million ($5.9 million) in the 3Q ended March, reversing out of losses of RMB 3.3 million a year ago.
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SINGAPORE (May 15): China Yuanbang Property Holdings reported earnings of RMB 28.2 million ($5.9 million) in the 3Q ended March, reversing out of losses of RMB 3.3 million a year ago.

3Q18 revenue surged to RMB 557.9 million, from RMB 40.4 million a year ago.

The increase was mainly attributable to accelerated efforts in handing over residential units of its Tonghua Project and Xilang Project.

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