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Zhong An anticipates 400% YOY growth in FY'17 profit

Zhong An Real Estate Ltd. is expecting its profit to grow by approximately 400% for the year ended Dec. 31, 2017, from the profit logged in 2016.

The positive alert was mainly attributed to a substantial climb in the company's gross profit from sales, an increase in net gains from investment property sales and a significant growth in the fair value of investment properties.