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Poly Real Estate profits up 26 pct in 2017

Contributed by NAMPA / Xinhua.

BEIJING, Jan. 14 (Xinhua) -- Poly Real Estate Group, one of China's largest developers, saw strong profit growth in 2017 despite a crackdown on speculation.
Net profits attributable to shareholders rose 26.3 percent year on year to 15.7 billion yuan (2.4 billion U.S. dollars) last year, the company said Sunday in an unaudited report filed with the Shanghai Stock Exchange.
The pace was faster than a 16.3-percent profit increase in the first three quarters last year.
The company attributed t ...