China Housing & Land Development Reports Strongly Higher Sales and Net Income for the Year 2007.

Business WireMarch 28, 2008

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China Housing & Land Development Reports Strongly Higher Sales and Net Income for the Year 2007.

Total Revenues up 37 Percent, Net Income up 84 Percent

Highlights for 2007

* Total revenues increased 36.6 percent to $73.91 million from $54.10 million.

* Net income increased 83.4 percent to $16.69 million from $9.10 million.

* Basic and diluted earnings per share increased 37.8 percent to $0.62 per share from $0.45.

* Cash flow from operating activities provided $8.61 million, up 35.8 percent from 2006.

* Cash flow from investing activities consumed $25.02 million, up 70.0 percent from 2006.

* Cash flow from financing activities provided $18.42 million, up 111.8 percent from 2006.

* Net debt as a percentage of total capital was ...

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