China Overseas Land & Investment Reports 35% Surge In Net Profit

China Overseas Land & Investment Ltd CAOVF reported a 35% rise in its first-half net profit. China Overseas Land's net profit for the six months ended June 30 surged to HK$6.84 billion, from HK$5.07 billion, in the year-ago period. The company's revenue surged 25% y/y to HK$21.88 billion from HK$17.55 billion. China Overseas Land shares gained 0.98% to close at $2.07 yesterday.