Yang Guang Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2019
August 23, 2019 at 11:56 am EDT
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Yang Guang Co.,Ltd. announced earnings results for the half year ended June 30, 2019. For the half year, the company announced sales was CNY 108.075 million compared to CNY 157.048 million a year ago. Operating income was CNY 3.813 million compared to CNY 84.761 million a year ago. Net loss was CNY 25.791 million compared to net income of CNY 58.782 million a year ago. Basic loss per share from continuing operations was CNY 0.03 compared to basic earnings per share from continuing operations of CNY 0.08 a year ago.
YANG GUANG CO., LTD. is a China-based company principally engaged in the development of residential real estate and the leasing of properties. The Company's principal products include the community commercial properties under the brand of Life, the regional shopping centers under the brand of iShineCity, as well as the city comprehensive properties under the brand of YangguangCenter. The Company mainly operates its investment real estate in Beijing, Tianjin and Shanghai, as well as some second-tier cities.