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China Merchants Property Development Co Ltd Announces FY 2013 H1 Net Profit Outlook

Tuesday, 9 Jul 2013 08:00pm EDT 

China Merchants Property Development Co Ltd announced that it expects its net profit for the first half fiscal year (FY) 2013 to increase 105% ~ 113% (RMB 250 million ~ RMB 260 million), compared to the net profit of the same period in FY 2012 (RMB 1,220,530,000). The Company cited increase of gross margin profit as the main reason for the forecast.