BRIEF: Country Garden sales remain tepid in February
2007.HK
Property developer Country Garden Holdings Co. Ltd. (2007.HK) said on Tuesday it recorded attributable sales of 2.23 billion yuan ($323 million) in February, down 3% year-on-year but up 0.9% from January.
The company’s contracted sales for February covered about 290,000 square meters of gross floor area, down 6.5% from the 310,000 square meters in the same month last year but up 3.6% from January’s 280,000 square meters.
Country Garden’s shares opened flat at HK$0.30 on Wednesday. The stock is down 65% from its 52-week high.
By Lau Chi Hang
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