BRIEF-Powerlong Real Estate says FY net profit RMB2.75 bln, up 17.7 pct

March 20 (Reuters) - Powerlong Real Estate Holdings Ltd

* For year ended 31 december 2016, net profit amounted to

approximately rmb2,749 million, up 17.7%

* Board recommends payment of a final dividend of hk$16.0

cents per ordinary share

* For year ended 31 december 2016, revenue amounted to

approximately RMB14,296 million, representing an increase of

approximately 20.1%

* "sales targets for 2017 will be further increased to

rmb20,000 million"

Source text for Eikon:

Further company coverage: