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China Resources Land's Contracted Sales Rise 6% in July

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China Resources Land (HKG:1109) recorded contracted sales of around 14.1 billion yuan in July, up 6% from a year prior, according to a Wednesday Hong Kong bourse filing.

The property company's gross floor area (GFA) was 410,000 square meters, down 11% from a year prior.

Recurring revenue increased 5.6% to 4.41 billion yuan in the month, of which rental income from the investment property rental business rose 6.6% to 2.86 billion yuan.

For the seven months ended July 31, contracted sales jumped 5.7% to roughly 130.6 billion yuan, while GFA slid 22% to 3.6 million square meters.

Recurring revenue for the period climbed 7.3% to approximately 30.9 billion yuan.

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China Resources Land's Contracted Sales Rise 6% in July | FINWIRES