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BEIJING Cheap David Wright Jersey , Aug. 17 (Xinhua) -- China Vanke, the country's largest property developer by revenue, posted slower profit growth in the first half of 2014 compared with robust gains in the same period last year.


Net profits edged up 5.55 percent year on year to 4.81 billion yuan (about 782 million U.S. dollars) in the first six months, said a report on the website of the Shenzhen Stock Exchange. The growth was sharply down from a 22-percent increase in net profits in the first half of 2013.


However, the Shenzhen-based company seems to have recovered a bit from its bleak first quarter. In the January-March period Cheap Mike Piazza Jersey , it posted a 5.23-percent year-on-year decline in profits, its first quarterly profit decline since 2002.


The company's decline in revenues also narrowed from Q1. From January to June, China Vanke reaped total revenues of 40.96 billion yuan, down 1.04 percent from a year ago, but narrowing from a plummet of 32.16 percent in January-March.