BRIEF: Agile’s October sales rise month-on-month, but fall year-on-year
Property developer Agile Group Holdings Ltd. (3383.HK) said on Tuesday that its contracted sales totaled 710 million yuan ($100 million) in October, up 54% from September, but down 49% from the same month last year.
The company’s sales by gross floor area totaled 83,000 square meters in October, up 48% month-on-month but down 30% year-on-year. The average selling price per square meter for the month was 8,517 yuan, up 3.3% sequentially but down 37% year-on-year.
Agile’s cumulative contracted sales totaled 7.44 billion yuan for the first 10 months of this year, down 45% from the 13.56 billion yuan it recorded in the same period last year.
Shares of Agile opened flat at HK$0.425 on Wednesday. The stock is down about 60% from its 52-week high.
By Lau Chi Hang
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