YueXiu Infrastructure Profits Up 73% in 2016

Yuexiu Transport Infrastructure, China Guangdong province's biggest infrastructure builder, reported profit attributable to shareholders rose by 72.7% to RMB919 million for the year of 2016.

Yuexiu Infrastructure managed to reduce the net debt to equity ratio to 66.6% in 2016 from 78.4% in 2015.

Yuexiu Real Estate Investment Trust said gross income rose 7.5% to RMB1.8billion in the year of 2016. Net property income grew by 16.5% to RMB1.268billion for the calendar year ended December 2016.

Disregarding new units to be issued, distribution per unit (DPU) for the Reporting Year is approximately HKD 0.3269 up 85 from HKD0.3052 in 2015.

- APMR News