Revenue rose 70% in first half of forte

Forte Group released interim results show that the first half of the group's shareholders should account for about 1.387 billion yuan, a significant increase of about 3.8 times times, mainly due to the main business in the period of gross margin growth nearly one times, the recovery of the development of Tianjin Center project 75% Equity sales of higher profits. The first half of the group's income rose about 71.2% per cent year-on-year, to about 3.431 billion yuan, gross margin year-on-year growth of nearly 1 time times, reached 1.395 billion yuan, gross margin of 40.7%, compared with the same period in 2009 35% Rose 5.7%.　　The main reason for the rise in gross margin is that the main items recorded during the period are low-density dwellings in first-tier cities, the average price is higher, and the sales period of most of the recorded items is concentrated at a higher market price last year. In the first half of the year, Forte has consistently maintained a stable style in its strategy, and has increased its reserves through participation in bidding and acquisitions, with new projects in Taiyuan, Chengdu and Shanghai.　　As at June 30, 2010, the project reserves of about 8.49 million square meters of the total construction area of the joint control Enterprise and the associated company project, excluding the consortium owned by the equity group, not including the joint venture company Shanghai Certificate Development Project, have laid a good foundation for the company's sustainable development in the next 3-5 years. For the second half of the sales strategy, Forte Group Chairman Fanwei said, Forte will continue to insist on not to cover the plate, not reluctant, a plan of the overall strategy. Forte Group President Zhang Hua also said that the second half will continue to speed up the existing projects, especially the secondary-tier city project development speed. and take measures to actively adjust prices, rapid delivery, to ensure that in the second half of the market volatility under a stronger risk resistance, but also for next year's sales supply to do a full preparation.