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China South City Holdings Ltd Issues FY 2013 Guidance In Line With Analysts' Estimate


Thursday, 9 May 2013 09:39am EDT 

China South City Holdings Ltd announced that the Group is expected to record a increase in revenue and operating profit for the fiscal 2013 as compared to those of the fiscal 2012. The expectation of increase in revenue and operating profit was mainly attributable to the increase in contracted sales and delivery of completed properties in various projects as compared with those of fiscal 2012. For the Group’s revenue for fiscal 2012 was HKD3.67 billion and operating profit for fiscal 2012 was HKD922.6 million (i.e. not including the effect of fair value gains on investment properties and related tax effect and 2 the after-tax gain on disposal of subsidiaries in fiscal 2012). According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of HKD4.67 billion and EBIT of HKD2.208 billion for fiscal 2013, 

Company Quote

3.49
-0.03 -0.85%
2:59am EST