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Guangzhou R&F expects over 55% YOY jump in H1 consolidated profit

Guangzhou R&F Properties Co. Ltd. is forecasting a more than 55% year-over-year climb in its consolidated profit for the 2018 first-half.

The developer based its prediction on the rise in recognized revenue it recorded from selling properties during the period, as well as the gross margin of these asset sales.

The company will release its financial results for the six-month period before August-end, according to a release.