China New City Commercial Development Limited provided consolidated earnings guidance for the year ended December 31, 2014. Based on the preliminary review on the draft unaudited consolidated management accounts of the group for the year ended 31 December 2014, the group is expected to record a moderate increase in its profit attributable to the owners of the parent for the Year as compared with the year ended 31 December 2013 notwithstanding that the revenue and gross profit for the Year were significantly lower than that of the year ended 31 December 2013. The expected increase in the profit attributable to the owners of the parent for the Year is primarily due to, among other things, the increase in the fair value gain upon transfer of properties under development to investment properties under development for the Year.
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- China New City Commercial Development Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2014