China: EVERGRANDE PROFITS DROP 23% AS DEBTS CLIMB TO $57B

Evergrande Real Estate’s core net profits fell by 23 percent in the first half of 2016 as an increase in revenue was unable to offset a range of higher costs. Total borrowings for China’s most highly-levered developer jumped to RMB 381.3 billion ($57 billion) with financing costs expanded threefold from this time last year. Read more on: www.mingtiandi.com
Source : China: EVERGRANDE PROFITS DROP 23% AS DEBTS CLIMB TO $57B