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3 years ago
China developer Evergrande shares set to jump after upbeat earnings
April 1, 2014 / 1:31 AM / 3 years ago

China developer Evergrande shares set to jump after upbeat earnings

HONG KONG, April 1 (Reuters) - Shares in Evergrande Real Estate Group were set to open up 9 percent in Hong Kong after the developer reported a 49 percent rise in full-year net profit and said it expected China's property market to improve.

Evergrande's stock was set to open at HK$4.00, outpacing a 0.6 percent gain for Hong Kong's benchmark Hang Seng Index

Reporting By Anne Marie Roantree; Editing by Paul Tait

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