Aoyuan Issues Positive Profit Alert
Time:2012-12-04
(4 December 2012 - Hong Kong) One of the leading property developers in Guangdong Province in China - China Aoyuan Property Group Limited ("Aoyuan" or the "Company", together with its subsidiaries the "Group"; Stock Code: 3883), issued a positive profit alert announcement today. The Group wishes to inform the shareholders of the Company and potential investors that based on the information currently available, the unaudited results of the Group for the year ending 31 December 2012 are expected to record a significant improvement in net profit growth as compared to the same period for the year ended 31 December 2011.
The profit increase is expected to be mainly attributable to the gain of the Company from the disposal of the Beijing project which was announced on 1 April and completed on 31 October 2012. The Group has received the total amount in the sum of approximately HK$3,232,975,000 on the completion day, and is expected to record a pre-tax gain of approximately HK$1,093,670,000.
The Company is in the process of finalizing the results of the Group for the year ending 31 December 2012, and the audited results is expected to be published by the end of March 2013.
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