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Dalian Wanda Q1'16 attributable net profit reaches 2.95B yuan

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Dalian Wanda Q1'16 attributable net profit reaches 2.95B yuan

'snet profit attributable to the owner of its parent company amounted to 2.95billion Chinese yuan between January and March.

The companyreleased the figure as part of its unaudited financial data summary for thefirst quarter of 2016.

Netprofit in the same period reached 3.12 billion yuan. The company's revenueamounted to around 12.61 billion yuan. Total assets and total liabilitiesamounted to 664.50 billion yuan and approximately 475.37 billion yuan,respectively.

Thecompany posted 189.13 billion yuan of owner's equity, while its cash and cashequivalents reached an estimated 62.03 billion yuan.

Forthe first quarter of 2015, Dalian Wanda's consolidated totaled around 2.87 billionyuan.

Thecompany's trading inHong Kong has been suspended since April 25, following its parent's plan topotentially privatizethe developer.

As of April 29, US$1 wasequivalent to 6.48 Chinese yuan.