China Aoyuan Group Limited (03883) said the group is expected to record an increase of over 50% in the core net profit (excluding non-recurring gains or losses and their related tax effects such as fair value gain on investment properties and exchange losses) as compared to that for the year ended 31 December 2018.
The increase was primarily due to the improvement in the group's total gross floor area delivered to buyers in the year ended 31 December 2019.
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