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Poly Real Estate is China’s second-largest property developer.
According to a report by the Shanghai Stock Exchange, the real estate developer posted net profits of 3.4 billion yuan ($551.6 million).
The firms total business revenues amounted to 30.46 billion yuan during the same period, up 50.94 per cent year on year.
The real estate sector jumped 3.26 per cent on Thursday, with Poly Real Estate shares up 6.09 per cent to 11.32 yuan per share.