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C&D International expects H1 profit to grow sharply YOY

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C&D International expects H1 profit to grow sharply YOY

C&D International Investment Group Ltd. expects its first-half profit attributable to company equity holders to increase by at least 1,000% compared to year-ago profit of about 11.2 million yuan.

The Chinese property developer and manager attributed the projected increase mainly to the notable profit growth in its real estate development business, commercial assets management and the group's entrusted construction services during the six-month period ended June 30.

As of July 6, US$1 was equivalent to 6.64 yuan.