Real estate developer Jiande International Holdings Ltd. estimates its profit attributable to owners to improve "significantly" for the year ended Dec. 31, 2017, marking a year-over-year turnaround from a loss of about 519.0 million Chinese yuan.
The profit forecast reflects a boost in the Hong Kong-listed company's real estate development business revenue and an absence of deemed listing costs, compared to one-off expenses totaling roughly 542.1 million yuan sustained in 2016.
Results for the 2017 full year are set to be released by March 31.
As of March 13, US$1 was equivalent to 6.32 Chinese yuan.
