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HKR International issues positive profit alert for FY'18

Diversified real estate company HKR International Ltd. expects to record an increase of roughly 170% to 190% in net profit attributable to the owners of the company year over year.

The increase is mainly attributable to the sale of the 22nd floor of the China Merchants Tower in the Shun Tak Centre, 168-200 Connaught Road Central in Hong Kong, and surplus profit from revaluation of the group's investment properties, according to a release.

HKR International expects to publish its results for the year ended March 31 in mid- to late June.