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Colour Life anticipates more than 50% YOY growth in FY'17 attributable profit

Colour Life Services Group Co. Ltd. is expecting profit attributable to shareholders to grow year over year by more than 50% in the year ended Dec. 31, 2017.

The Hong Kong-listed company said a preliminary review of its accounts showed that substantial year-on-year increase is also likely for its full-year 2017 net profit.

The projected income growth was primarily attributed to the rapid development of Caizhiyun, a platform that allows residents to purchase services or goods online, and the increases in revenue from value-added services such as community leasing, sales and other related services.

Colour Life's audited results are scheduled for a mid- to late-March publication.