China Vanke Co. Ltd. (000002.CN) posted a net profit of 15.12 billion yuan (US$2.47 billion) for 2013, up 20.5 percent year on year, 21st Century Business Herald reported Thursday. Revenue was 135.42 billion yuan, 31.3 percent higher than in 2012 and a record high for a domestic developer, the report said. Vanke sold 14.9 million square meters of floor space during 2013, up 15 percent from the previous year, for 170.94 billion yuan, a year-on-year increase of 21 percent. The company has set a sales target of 200 billion yuan for 2014, the report said.
– Contact HKEJ at [email protected]