Asian Growth Properties signals rise in profits

Asian Growth Properties signalled an increase in net profit on Friday, ahead of its annual results for the 2015 year.

The AIM-traded company said that, based on information currently available, the group was likely to record an increase in net profit for the year ended 31 December 2015.

AGP said this was mainly attributable to the increase in net fair value gains on the group's investment properties for the year, and the gains on the disposal of an indirectly-owned subsidiary.

The company expected to announce its audited annual results for the year before the end of March 2016.