Mainland China developer Greentown reports 36pc fall in core net profit

Greentown China, the mainland’s 12th biggest developer by sales, reported a 36 per cent fall in core net profit to 5.3 billion yuan (HK$6.6 billion) for last year on rising administrative expenses and finance costs as well as impairment losses from joint ventures and asso

via South China Morning Post - Business feed http://ift.tt/1BBR0R9