Beijing Capital targets 66pc revenue increase despite profit fall

Mainland developer Beijing Capital Land has raised its sales revenue target for this year by two-thirds to 20 billion yuan (HK$24.9 billion), despite reporting a 14 per cent decline in underlying profit to 820 million yuan for last year.

The company's president, Tang Jun, said yesterday the group saw 13.3 billion yuan in sales revenues for the year, up 11 per cent on its original target.

via Business feed http://www.scmp.com/business/companies/article/1167504/beijing-capital-targets-66pc-revenue-increase-despite-profit-fall