(Yicai Global) Aug. 22 -- The share price of Poly Property Group rose today after the firm said  that its revenue more than doubled and net profit surged sixfold in the  first half due to the completion of the Chinese real estate firm's first  wholly-owned residential project called Vibe Centro in Hong Kong. 

Poly Property's [HK:119] stock price rose by 1.8 percent to HKD2.80 (US 40 cents) in the afternoon. The price was down by 1.4 percent just before the company released its financial report.

In the six-month period,  the firm's revenue rose to HKD17.5 billion (USD2.2 billion) from the  previous year, the Hong Kong-based company said in its earnings report.  Its net profit soared to HKD3.7 billion. Earnings per share were  HKD1.02. 

Editor: Emmi Laine