HK-listed Country Garden Services falls most in 2 weeks on slower profit growth

Country Garden Services Holdings

29/03/2022 08:17

** Shares of Chinese property manager Country Garden
Services Holdings Co Ltd  6098.HK  fall 8.4% to HK$30.15, the
biggest daily percentage decline since March 15
    ** Stock hits the lowest since March 16; the biggest
percentage decliner in the benchmark Hang Seng Index  .HSI 
    ** Co says its 2021 net profit rose 50.2% to 4.03 bln yuan
($632.78 mln) with revenue surging 84.9% to 28.84 bln yuan
 urn:newsml:reuters.com:*:nFWN2VV0Z1
    ** That compared with 61.9% jump in net profit in 2020 with
revenue rising 61.7%  urn:newsml:reuters.com:*:nFWN2LI025
    ** Hang Seng Mainland Properties Index  .HSMPI  drops 2.7%,
and Hang Seng Composite Index on properties and construction
stocks  .HSCIPC  falls 1.7%
    ** The Hang Seng Composite Index  .HSCI  and the Hang Seng
Index  .HSI  both climb 0.8%

($1 = 6.3687 Chinese yuan renminbi)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))