Tibet Urban Development and Investment Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 24, 2020 at 06:38 pm IST
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Tibet Urban Development and Investment Co.,LTD announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 351.836 million compared to CNY 321.056 million a year ago. Operating income was CNY 41.470 million compared to CNY 44.207 million a year ago. Net income was CNY 23.273 million compared to CNY 25.589 million a year ago. Basic earnings per share from continuing operations was CNY 0.028 compared to CNY 0.031 a year ago.
Tibet Urban Development and Investment Co Ltd is a China-based company mainly engaged in real estate development and sales. The Company's main business includes real estate development and sales, guest room catering and merchandise sales. Real estate products involve a variety of property types such as affordable housing, ordinary residences, and commercial office buildings. The main products of the issuer's residential real estate development business are affordable housing and various types of commercial housing, including mid- and high-rise housing, low-density low-rise housing. The issuer's commercial real estate development business is mainly engaged in the development and operation management of commercial office buildings and commercial complexes. Its real estate products are mainly sales, supplemented by leasing, and partially held and operated.
TIBET URBAN DEVELOPMENT AND INVESTMENT CO.,LTD 