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Brief: China New City Commercial Development posts FY net profit RMB740.3 mln vs RMB 476.5 mln

March 22 (Reuters) - China New City Commercial Development Ltd  1321.HK : 
 * Announcement of annual results for the year ended 31 December 2015  1321.HK  
 * FY net profit RMB740.3 million versus RMB 476.5 million 
 * Looking ahead in 2016, the global market still remains sluggish 
 * Looking ahead in 2016, economy of prc will continue to face challenges in 
structural adjustments and retarding growth 
 * FY revenue RMB504 million versus RMB 208.9 million 
 * Board does not recommend the payment of final dividend for the year ended 31 
December 2015 
 * Strongly believe that development projects under the group will continue to 
be well received by the market 
 
  Source text for Eikon  ID:nHKS4gx51x  
 
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