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ADRIAN CHENG PROMOTED AS NOVEL WORLD REPORTS 31% SHOT IN NET PROFIT

Nov 5, 2018
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Adriancheng’sgranddad passing just a few months ago as well as his father ill, heir seeming to the New World Development power, adriancheng Chi-Kong, led his first incomes briefing for the $54 billion Hong Kong real estate developer last week, reportage that the corporation saw net revenues grow by 31 percent toward reach HK$4.3 billion for the six months endup December 31st.

Focus on financial result

Highpoints of the financial outcomes for the first half of the financial year comprised an underlying revenue of HK$5 billion and profits of HK$26.6 billion. At the assembly, Adrian said the firm, “is enduring to uplift its brand value through focusing on two core trades, property sales plus property rent, in both Hong Kong plus Mainland China.” Sales in China amounted to 80 percentage of the FY2017’s constricted property sales, 44 percent of that approaching from South China.For more info visit www.k11musea.com

suen Wan Project Leads Sturdy Hong Kong Sales

“Through the period under review, the attributable constricted sales in Hong Kong amounted to HKD4.7 billion. The takeoff of the Pavilia Bay in Tsuen Wan in January 2017 has been ahuge success,” Cheng said of sturdy sales performance in Hong Kong, facing out that 400 units at the joint project with China Vanke were “snatched up” in the first day. Additional major sources of property sales profits for New World in Hong Kong through the period were its Skypark, Masterwork, Double Cove Summit as well as 55 Conduit Road projects.

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