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COFCO Property Raises First-Half Net Income Estimate to 74 Million Yuan

COFCO Property (Group) Co. raised its estimate for first-half net income to about 74 million yuan ($10.9 million) from an earlier 40 million yuan, according to a statement to Shenzhen’s stock exchange.

The company posted a net loss a year earlier, according to the statement.

To contact the reporter on this story: Zhe Huang in Beijing at zhuang37@bloomberg.net

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