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Aoyuan Issues Positive Profit Alert for 2018 Interim Results Expects Core Net Profit to Increase by 50%
 Date:2018-07-26
 

        (July 25, 2018 – Hong Kong) China Aoyuan Property Group Limited (“Aoyuan” or the “Company”, Stock Code: 3883), a renowned property developer in China, announces positive profit alert. Based on preliminary review and analysis of the unaudited consolidated management accounts of the Company for the six months ended 30 June 2018 and other information currently available, the Company is expected to record an increase of approximately 50% in the core net profit (excluding fair value gain on investment properties, loss on early redemptions of senior notes, net exchange difference and loss on change in fair value of derivative financial instruments) as compared to the same period of 2017. The increase was primarily attributable to the increase in the Company’s total gross floor area delivered to buyers during the period from 1 January 2018 to 30 June 2018.


        For more details, please refer to the Hong Kong Stock Exchange's website:

        http://www.hkexnews.hk/listedco/listconews/SEHK/2018/0725/LTN20180725984.pdf