PAN HONG: 1Q2011 revenues up 269.9% at Rmb 88.2 million

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PAN HONG: 1Q2011 revenues up 269.9% at Rmb 88.2 million

Written by Sim Kih

Thursday, 29 July 2010 11:00

Mr Wong Lam Ping: Pan Hong is most conservative among property developers.

PAN HONG’s top line for 1Q2011 more than tripled year-on-year to Rmb 88.2 million (up 269.9%), as revenue was recognized for a higher number residential units handed over to buyers.

Despite China's property curbs, its executive chairman, Mr Wong Lam Ping, sees stable sector growth in the next few years.

Why? Read more…

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