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China Development Bank unit expects YOY decline in FY'18 profit

China Development Bank International Investment Ltd. expects to post a year-over-year decline in profit for the 2018 full year.

The company attributed the expected decline in profit to a decrease in net valuation gains in fair value of financial assets at fair value through profit or loss.

For the 2017 full year, the company posted a profit attributable to shareholders of HK$177 million.

The company will release its 2018 full-year results in March.

China Development Bank International Investment is a unit of China Development Bank.