[ET Net News Agency, 20 January 2020] China Overseas Grand Oceans Group Limited (00081)
said the group is likely to record an increase in the consolidated net profit attributable
to owners of the company for the year ended 31 December 2019 by no less than 60%, as
compared to last year based on preliminary assessment.
The increase is mainly attributable to the increase in the recognized revenue from sale
of properties of the group during the year and the gross profit margin of such properties.
(RC)