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Differ Group Holding expects higher profit in FY'18

Chinese investment holding company Differ Group Holding Company Ltd. expects to post a 50% year-over-year increase in net profit for the year ended Dec. 31, 2018.

The company said March 14 that the expected increase is attributed to higher revenue generated from the sales of properties from assets management business, as well as from fair value gains on investment properties.

The company booked a profit attributable to owners of 160.2 million yuan for the year ended Dec. 31, 2017.

The company is expected to release its 2018 full-year results on March 28.

As of March 14, US$1 was equivalent to 6.72 Chinese yuan.