BRIEF-Paliburg Holdings expects profit of group for year ended 31st Dec 2016 to be substantially higher

March 23 (Reuters) - Paliburg Holdings Ltd

* Expected that profit of group for year ended 31st

december, 2016 will be substantially higher

* Increase in profit attributable to profit on disposal by

p&r holdings limited, a subsidiary of company

* Expected result due to profit on disposal by unit of a 50%

equity interest in companies holding a hotel located in to Kwa

Wan, Kowloon

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