Landsea Green Properties Co., Ltd. provided group earnings guidance for the full year ended December 31, 2014. For the period, the group is expected to record a significant increase of approximately 9 times in profit for the year ended 31 December 2014 as compared with profit of RMB 28,519,000 (restated) for the year ended 31 December 2013 due to (i) the increase in property development and management service fee income; (ii) the income from recognised property sales; and (iii) fair value gain on an investment property.
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