Rochester, NY 8/18/2009 9:22:37 AM
China Housing and Land Development, Inc. CHLN - China Housing Release its Financial Results for Second Quarter 2009
China Housing and Land Development, Inc. CHLN
Last Wednesday China Housing & Land Development, Inc., makes an announcement its second quarter unaudited financial results ended June 30, 2009.
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"We are pleased with our results for the second quarter, in which our revenues grew sequentially by 63.3% to $22.6 million. We are seeing stabilization in the Chinese housing market and believe we are well positioned to benefit from Government policies such as the 'Go West' policy to encourage migration into western cities, as well as government stimulus policies," said Mr. Pingji Lu, China Housing's Chairman. "China's overall economic growth continues to be strong, and in Xi'an, we are seeing double-digit economic growth, as more technology and multinational companies are moving into Xi'an and the surrounding areas. All these elements have contributed, and we believe will continue to contribute, to our success."
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