Brief: Mingfa Group posts FY net profit of RMB26.1 mln

Mingfa (International)

01/04/2016 24:54

April 1 (Reuters) - Mingfa Group International Co Ltd  0846.HK : 
 
 * Announcement of annual results for the year ended 31 December 2015  0846.HK  
 * FY revenues RMB 2.25 billion versus RMB 3.79 billion a year ago 
 * Board does not recommend payment of final dividend for the year ended 31 
   December 2015 
 * Group's financial status is expected to remain healthy in 2016 
 * FY net profit RMB 26.1 million versus RMB 829.3 million 
 * Group's financial status is expected to remain healthy in 2016 
 * Looking ahead to 2016, China's property market is expected to face both 
challenges and opportunities 
 * Group is cautiously optimistic about the market outlook in 2016 
 * Source text for Eikon  urn:newsml:reuters.com:*:nHKS1DJVM4 
 
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