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Zall Group expects FY'17 revenue to increase 16x YOY

Zall Group Ltd. expects its revenue for the year ended Dec. 31, 2017, to surge more than 16x year over year.

The company is attributing the revenue increase primarily to the consolidation of the financial results of two newly acquired subsidiaries and a substantial jump in revenue from construction contracts.

The Wuhan, China-based real estate developer also anticipates profit to climb 5% to 30% in 2017, compared to the 2016 profit, attributed to a gain in fair value change on investment properties, newly completed assets on lease during the 2017 and profit from completed and delivered construction projects.