Corporate Results Update.

Singapore Land announced a 85% and 20% rise in revenue and profit respectively, due to the fact that it derives most of its income from the rental of its properties (see here). On the other hand, Allgreen's results were affected by the current slowdown and announced a -59% fall in quarterly profit.

HL Finance, one of the leading mid-cap finance companies, announced a 16% rise in quarterly profit.

Ferrochina announced a 264% rise in quarterly profit, largely contributed by strong sales demand and the additional production capacities derived from the Superb Team acquisition in 2007. Sino Environment announced a 177% rise in quarterly profit, with all its business segments registering revenue increases. Yangzijiang announced a 124% rise in quarterly profit.

These 3 companies are the first amongst the leading china growth stocks to report their results. Hopefully, its a sign of good results to come from the other china stocks.