Three real estate companies – Overseas Chinese Town Co. Ltd., Financial Street Holding Co. Ltd. and Sunshine City Group Co. Ltd. – have different performances in the first half of this year, according to their interim reports released Thursday.

Overseas Chinese Town reported revenues of 6.37 billion yuan (US$937.95 million), an increase of 85 percent over the same period last year. Its net profits reached 1.35 billion yuan (US$198.8 million), also an 85-percent increase. And its basic earnings per-share was 0.435 yuan (US$0.06), up 85 percent.

Sunshine City Group reported a staggering 173-percent revenue growth over the first half of last year, to 1.04 billion yuan (US$153 million). Its net profits soared 2,876 percent to 88.5 million yuan (US$13.03 million). Its basic earnings per-share was 0.26 yuan (US$0.04), up 1,200 percent.

Financial Street Holding had the least growth among the three real estate companies. The company had revenues of 1.98 billion yuan (US$291.5 million), an increase of 31.6 percent over the same period of last year. Its net profits declined 33 percent to 508 million yuan (US$74.79 million), while its basic earnings per share dropped 33 percent to 0.2 yuan (US$0.03).

China's business press carried the story above on Thursday. China.org.cn has not checked the stories and does not vouch for their accuracy.

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