e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Weekly Watch
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

ECONOMY
THIS WEEK> THIS WEEK NO. 35, 2013> ECONOMY
UPDATED: August 26, 2013 NO. 35 AUGUST 29, 2013
Soho Posts Growth
Share

Pan Shiyi, Chairman of Hong Kong-listed Soho China Ltd., said that the company's business mode has successfully transformed from selling properties to operating self-owned projects.

In the first half of this year, Soho China posted profits of 2.09 billion yuan ($341 million), up 242 percent year on year, and its revenue reached 2.48 billion yuan ($405 million), growing 103 percent from a year ago, the company said in its interim report on August 20.

Robust demand for high-quality office space in Beijing and Shanghai versus insufficient supply has catapulted vacancy rates to historic lows, the report said.

At the end of June, Soho China held 15.2 billion yuan ($2.48 billion) in cash, and its net debt ratio was 14.3 percent.

"Soho China's financial condition is capable of weathering any market turbulence," Pan said.



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved