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Aoyuan Issues Positive Profit Alert for 2018 Annual Results Expects Core Net Profit to Increase by Over 40%
 Date:2019-02-26

  (24 February 2019 - Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”, Stock Code: 3883) announces positive profit alert. Based on preliminary review and analysis of the consolidated management accounts of the Company for the year ended 31 December 2018 and other information currently available, the Company is expected to record an increase of over 40% in the core net profit (excluding non-recurring gains or losses such as fair value gain on investment properties, net exchange difference and gain on change in fair value of derivative financial instruments) as compared to that for the year ended 31 December 2017. The increase was primarily attributable to the improvements in the Company’s total gross floor area delivered to buyers and the average selling price of properties delivered in the year ended 31 December 2018.

 

  For more details, please refer to the announcement posted on HKEX’s website:

  24 February 2019: POSITIVE PROFIT ALERT