March 8, 2018 / 8:44 AM / 5 months ago

BRIEF-China Evergrande Group ‍Expects ‍FY Profit Attributable To Be 4 To 5 Times That Of Last Year's

March 8 (Reuters) - China Evergrande Group:

* ‍EXPECTED TO RECORD A SUBSTANTIAL INCREASE IN ITS PROFIT ATTRIBUTABLE AND NET PROFIT FROM CORE BUSINESS FOR YEAR​

* EXPECTED RESULT DUE TO INCREASE IN FLOOR AREA OF PROPERTIES DELIVERED

* EXPECTED RESULT DUE TO ‍IMPROVEMENT IN PRODUCT QUALITY, ENHANCEMENT OF PRODUCT ADDED VALUE, REDUCTION IN EXPENSES​

* ‍FY PROFIT ATTRIBUTABLE TO SHAREHOLDERS IS EXPECTED TO BE 4 TO 5 TIMES OF THAT OF LAST YEAR​

* FY ‍NET PROFIT FROM CORE BUSINESS IS EXPECTED TO BE APPROXIMATELY 2 TIMES OF THAT OF LAST YEAR​ Source text for Eikon: Further company coverage:

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