[ET Net News Agency, 7 January 2020] China Merchants Land Limited (00978) said the
group is expected to record a substantial increase in revenue, profit and profit
attributable to the owners of the company for the year ending 31 December 2019. In
particular, the year-on-year increase of profit attributable to the owners of the company
is expected to be no less than 35%.
The company said compared with the last corresponding period, it is expected that there
will be a substantial increase in gross profit for the twelve-month period ending 31
December 2019, which was attributable to the increase in the total gross floor area of
properties completed and delivered during the period.
It is also expected that the increase in the number of properties completed and
delivered before 31 December 2019 mainly held by project companies in which the group
holds a relatively high proportion of equity interests will lead to a substantial increase
in profit attributable to the owners of the company during the period. (RC)