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China SCE Property forecasts YOY growth in H1'18 attributable profit

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China SCE Property forecasts YOY growth in H1'18 attributable profit

China SCE Property Holdings Ltd. is expecting an at least 70% year-over-year jump in its profit attributable to owners of its parent for the six months ended June 30.

The company attributed the forecast mainly to the increase in the delivery of properties to customers, growth in the profit margin of such properties and improvement in the fair value gains from the group's joint ventures during the reporting period.