Lvjing Realestate sees 2100%-2200% growth in Jan-Sep net profit

Oct. 7, 2008 (China Knowledge) - Lvjing Realestate Co. Ltd<000502>, a Guangzhou-headquartered property developer, forecast the company's net profit in the first nine months of this year may sharply surge between 2100% and 2200% over the comparable period of last year.

The Chinese real estate developer made the favorable business forecast on the basis of the sales income realized in the third quarter, according to the company's statement.

However, no detailed sales figures were provided by Lvjing.

Last year, the company's sales of apartments and villas contributed approximately 75% and 23% of the company��s total revenue, respectively.

Lvjing Realestate, which also provides indoor-outdoor decoration projects and garden design projects, has extended business to the development of tourism, high and new technology, industrial, agricultural and communications programs, according to the company's profile.

Shares of Lvjing Realestate tumbled 6.25% to close at RMB 6.9 on Monday.