Company Profile For Franshion Properties (China) Ltd.

Franshion Properties (China) Ltd. (0817.HK) (Hong Kong Stock)

sector: Financials · industry: Real Estate Operations ·

As of 9:25am IST

2.55HKD

Price Change

-0.03

Percent Change

-1.16%

Analyst Recommendations

Overview

Franshion Properties (China) Limited is an investment holding company. The Company’s subsidiaries are engaged in the development of and investment in real estate projects, focusing on commercial real estate development, hotel operations and property leasing in People’s Republic of China (PRC). The Company has developed several real estate projects in Beijing, Shanghai, Shenzhen and Sanya. As of 31 December 2008, the Company had six property development projects in different development stages located in Beijing, Zhuhai, Shanghai and Lijiang (Yunnan Province). The Company’s subsidiaries include Shanghai Keyi Franshion Business Consultancy Company Limited, Shanghai Pudong Jinxin Real Estate Development Co., Ltd and Shanghai Port International Cruise Terminal Development Co., Ltd. On January 5, 2009, the Company completed the acquisition of Wise Pine.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Franshion Properties(China) Limited's revenues increased 45% to HK$2.55B. Net income decreased 61% to HK$434.1M. Revenue reflects higher income from Property development, Property leasing, Hotel operations business segments. Net income was offset by an increase in selling & marketing expenses, a decrease in other income & gains, increased finance costs and increased depreciation expenses.