E-House Holdings Swings To Interim Profit Of RMB45.245 Million

E-House Holdings (02048) reported interim net profit of RMB45.245 million for the six months ended June 30, compared with a net loss of RMB298 million a year earlier, according to ETNet. The company said it will not pay an interim dividend. Revenue fell 35.5% to RMB813 million as income declined across all business segments. Revenue from real estate agency services dropped 52.5% to RMB32.6 million. Selling expenses fell 99.5%, while profit before tax rose to RMB250 million from a pre-tax loss of RMB303 million in the same period last year. The board also said Executive Director Ding Zuyu has resigned with effect from yesterday to devote more time to other business commitments. Ding confirmed he has no disagreement with the board and is not aware of any matter that needs to be brought to shareholders' attention.