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
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