Hainan Haide Industry sees net profit down 87.61% in H1 of 2011
Haide Industry’s salable properties fell during the reporting period, lowering revenues. All properties in its Haikou Yaojiang Garden development were sold in the first half of 2011.
Haide Industry predicted that it may lose 1.09 million yuan or earn 920,000 yuan in first three quarters. Its net profit was 9.98 million yuan in the first three quarters last year.
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