Shares of China's R&F Properties Slump on Slowing First-Half Profit Growth
Tang Shihua
DATE:  Aug 22 2019
/ SOURCE:  yicai
Shares of China's R&F Properties Slump on Slowing First-Half Profit Growth Shares of China's R&F Properties Slump on Slowing First-Half Profit Growth

(Yicai Global) Aug. 22 --  The share price of China's R&F Properties fell after the real estate  developer posted slowing revenue and profit growth in the first half.

R&F Properties's [HKG:  2777] stock price dropped 5 percent to HKD12.60 (USD1.60) in the  afternoon. The price was down 0.5 percent before the Guangzhou-based  firm released its earnings. 

The company's revenue rose  3 percent from the previous year to CNY35.1 billion (USD5 billion) in  the six months. Its net profit edged up 2.6 percent to CNY4 billion.

Editor: Emmi Laine 

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Keywords:   Share Price,Financial Report,First Half,Property Developer,R&F Properties