China’s Vanke announces net profit of US$808 million for H1 2016

China Vanke Co, the country’s leading property developer, announced that net profits in the first half of 2016 increased by 10.4 percent to 5.35 billion yuan (US$808 million), notably lower than the 28.1 percent growth in the first quarter of the year. According to a company statement filed to the Shenzhen Stock Exchange Sunday, the company’s …