China Overseas Grand Oceans' (HKG:0081) revenue for the nine months through September fell 21% from a year earlier to 21.2 billion yuan, a Wednesday Hong Kong bourse filing showed.

Operating profit at the real estate developer declined 46.7% year-over-year to 773 million yuan.

For the nine months, cumulative contracted sales totaled 23.6 billion yuan for 2.1 million square meters, down 10.7% and 9.1%, respectively.

For the third quarter, revenue came in at 6.71 billion yuan, while operating profit was 151 million yuan, the company said.

Contracted property sales for the quarter reached 6.98 billion yuan, covering 643,600 square meters.

During the quarter, it acquired four new land parcels in Baotou, Huizhou and Tangshan with a total attributable gross floor area of 519,300 square meters at a cost of 1.82 billion yuan.