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Soho China’s interim net soars on 6 key projects

Beijing-based commercial developer Soho China has enjoyed a busy year so far, with an increase in completed projects boosting net profit 136 times to CNY1.72 billion (USD252.9 million) in the first six months. Six major commercial and residential developments in Beijing and Shanghai resulted in turnover surging 119 times to CNY8.66b (USD1.27b).

The company will continue to focus on the commercial property market in Beijing and Shanghai, according to chairman Pan Shiyi.

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(Source: scmp.com)