BRIEF-Guangzhou R&F Properties Co says FY net profit increased by 5 pct to RMB7.06 billion

March 10 (Reuters) - Guangzhou R&F Properties Co Ltd

:

* FY net profit increased by 5% to RMB7.06 billion

* Proposed final dividend of RMB0.70 per share

* FY revenue increased by 21% to RMB53.73 billion

* Proposed final dividend of RMB0.70 per share

* "China growth is expected to remain relatively stable in

2017"

* Group has set a contracted sales target of RMB73 billion

for year

* For second year running group met its full year contracted

sales target, with contracted sales increasing to RMB60.9

billion

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