YOUNGOR expects net profit to rise 50% in the first half

In the field of service, "do not do business".

The performance is particularly conspicuous.

YOUNGOR announced yesterday's half year 2015 earnings announcement that it expects net profit in the first half of this year to increase by about 50% compared with the same period last year.

In the same period last year, YOUNGOR's net profit was 1 billion 830 million yuan, and its earnings per share were 0.82 yuan.

YOUNGOR has pformed from a simple clothing brand to a real estate and investment enterprise.

YOUNGOR said that in the first half of this year, the company's brand

Business grew better and real estate development maintained steady development.

The main reason for the sharp increase in net profit is the reduction of some of the available financial assets. The acquisition and storage of the Textile City plots also had a positive impact on the current performance.

YOUNGOR announced earlier that the wholly owned subsidiary YOUNGOR real estate holdings limited in June 11th in Yinzhou District, Ningbo land reserve center held the right to sell state-owned construction land pfer activities, the price of 880 million yuan competing Ningbo Yinzhou new town YOUNGOR

A-1 land use right of state-owned construction land.

The above land uses are ordinary commercial housing, suitable for building many high-rise residential buildings and supporting facilities (compatible with small commercial facilities).

Compared with some clothing brands still struggling in the market downturn, YOUNGOR's concern over real estate and development business has outperformed clothing, which is an important reason why its performance can stand out.