Sunac reports big growth in profit

Hong Kong-listed developer says revenue up 25%

Hong Kong-listed property developer Sunac China Holdings Ltd said on Monday that it expected its net profit in the first half of 2017 to surge 15 times year-on-year as a result of acquiring property projects and an expanding gross profit margin.

Sunac said in a filing with the Hong Kong Stock Exchange that revenue increased by 25 percent year-on-year in the first half of 2017, and gross profit soared 80 percent.