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Sunshine 100 forecasts 200% YOY jump in FY'17 attributable profit

Sunshine 100 China Holdings Ltd. estimated that profit attributable to equity shareholders for the 2017 full year will rise more than 200% year over year, based on its unaudited management accounts.

The Chinese real estate developer cited a rise in gross profit margin from properties delivered during the 12-month term and a drop in selling expenses, owing to enhanced cost control, as reasons for the positive profit.