China s second-largest private property developer Longfor Group on Friday posted a 0.6% rise in first-half core profit, and said it would strive to boost profitability and return to positive cash.
Longfor Group: Shares of Longfor closed down 3.8%, versus a 2.1% decline in the Hang Seng Mainland Properties Index after it reported a 35% drop in revenue from a year earlier and its net gearing ratio rose 2 percentage points to 57%.