China Vast Industrial Urban Development Co. Ltd.'s board expects a year-over-year increase of between 45% and 55% in net profit attributable to equity holders of the company for the first half of 2018 based on the preliminary assessment of unaudited consolidated management accounts and information presently available to the board.

The expected increase is mainly attributable to an increase in the income from the sales of properties.

The China-based real estate developer expects to release its interim results before August-end.