Photo/Shetuwang

Poly Developments and Holdings Group Co., also known as Poly Real Estate, posted a year-on-year growth of 47.9 percent in net profits in 2019.

According to its annual report disclosed to the public, the major real estate developer reported net profits attributed to the shareholders of 27.96 billion yuan (about 3.95 billion U.S. dollars) last year.

Total revenue of the company reached 235.98 billion yuan, up 21.29 percent year on year, the report said.

Poly Real Estate recorded sales value of 461.8 billion yuan last year, up 14.1 percent, said the report.

Shares of Poly Real Estate closed 0.38 percent higher at 15.82 yuan Friday. 

Email: gaohan@nbd.com.cn