China Vanke core profit up 19% on record sales

Hong Kong

PROPERTY giant China Vanke Co , the subject of a long-running battle for boardroom control, said on Sunday that its core profit last year rose 19 per cent, thanks to record sales.

The nation's second-biggest home builder said core profit, which excludes revaluation gains, rose to 20.9 billion yuan (S$4.2 billion) from 17.6 billion yuan in 2015.