Reversing the loss: Ying Li's profits reach RMB13.98m in Q2
Revenue also jumped 175.5%.
Ying Li International Real Estate posted a profit of RMB 13.98m ($2.84m) this quarter, reversing a loss of RMB 17.2m a year ago.
In a report released today, the company also revealed that its revenue reached RMB 246.33m ($49.97m), representing a 175.5% year-on-year jump.
Earnings per share was pegged at 0.006 yuan per share, a marked improvement from a loss of 0.008 yuan per share in Q2 2013.