Longfor Group August Contracted Sales Fall 53.49% Year On Year

Longfor Group (00960) said its contracted sales in August fell 53.49% year on year to RMB 2.2 billion, with sales area of 250,000 square metres, according to ETNet. Sales attributable to shareholders' equity came to RMB 1.5 billion, with attributable sales area of 174,000 square metres. For the first eight months, total contracted sales dropped 54% year on year to RMB 20.84 billion, with sales area of 2.239 million square metres. Revenue from its operations and services businesses, excluding tax, was about RMB 18.18 billion, including about RMB 9.73 billion from operations and about RMB 8.45 billion from services.