Interim Results Mixed, but Full Year Expected to Be On Track
China Vanke reported mixed interim 2016 results. Revenue and net profit were CNY 68 billion and CNY 7.3 billion, respectively, down 4% and up 36% year on year. Gross margin expanded to 30%, versus 22% seen a year ago. Earnings per share amounted to CNY 0.66, up 38% year on year. The company declared no dividend for the interim, the same as a year ago. The interim top line and earnings accounted for 25% and 30% of our full year estimate, respectively. Given the large amount of sold and booked at ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.