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Agile Group predicts over 90% climb in profit for H1'18

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Agile Group predicts over 90% climb in profit for H1'18

Agile Group Holdings Ltd. expects its profit attributable to shareholders to jump by more than 90% year over year for the first half of 2018.

The Guangzhou-based diversified property developer also forecasts an over 80% rise in its unaudited consolidated net profit compared to the year-ago period.

The growth predictions were based on firmer gross profit margins attained from real estate sales by the company and its subsidiaries during the six-month period, according to a release.

Agile will announce its first-half financial results in August.