Tibet Urban Development and Investment Co.,LTD Reports Earnings Results for the First Quarter Ended March 31, 2022
April 22, 2022 at 08:24 am EDT
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Tibet Urban Development and Investment Co.,LTD reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 562.04 million compared to CNY 483.72 million a year ago. Revenue was CNY 562.04 million compared to CNY 483.72 million a year ago. Net income was CNY 27.36 million compared to CNY 25.69 million a year ago. Basic earnings per share from continuing operations was CNY 0.033 compared to CNY 0.031 a year ago. Diluted earnings per share from continuing operations was CNY 0.033 compared to CNY 0.031 a year ago.
Tibet Urban Development and Investment Co Ltd is a China-based company mainly engaged in real estate development and sales. The Company's main business includes real estate development and sales, guest room catering and merchandise sales. Real estate products involve a variety of property types such as affordable housing, ordinary residences, and commercial office buildings. The main products of the issuer's residential real estate development business are affordable housing and various types of commercial housing, including mid- and high-rise housing, low-density low-rise housing. The issuer's commercial real estate development business is mainly engaged in the development and operation management of commercial office buildings and commercial complexes. Its real estate products are mainly sales, supplemented by leasing, and partially held and operated.
TIBET URBAN DEVELOPMENT AND INVESTMENT CO.,LTD 
