Tibet Urban Development and Investment Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2020
August 14, 2020 at 04:51 am EDT
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Tibet Urban Development and Investment Co.,LTD announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 614.905 million compared to CNY 618.546 million a year ago. Operating income was CNY 72.003 million compared to CNY 88.159 million a year ago. Net income was CNY 51.083 million compared to CNY 50.821 million a year ago. Basic earnings per share from continuing operations was CNY 0.062 compared to CNY 0.062 a year ago.
Tibet Urban Development and Investment Co Ltd is a China-based company mainly engaged in real estate development and sales. The Company's main business includes real estate development and sales, guest room catering and merchandise sales. Real estate products involve a variety of property types such as affordable housing, ordinary residences, and commercial office buildings. The main products of the issuer's residential real estate development business are affordable housing and various types of commercial housing, including mid- and high-rise housing, low-density low-rise housing. The issuer's commercial real estate development business is mainly engaged in the development and operation management of commercial office buildings and commercial complexes. Its real estate products are mainly sales, supplemented by leasing, and partially held and operated.
TIBET URBAN DEVELOPMENT AND INVESTMENT CO.,LTD 
