New City Development Group Limited announced the shareholders of the Company and potential investors that based on the management's preliminary assessment of the unaudited management accounts of the Group, the Group expects to record an increase in profit for the six months ended June 30, 2013 as compared to that of the last corresponding period in 2012. The increase was mainly due to the consolidation of a whole 6 months operation of a subsidiary which is principally engaged in property development and investment in the PRC for rental income purpose while only four months operation was accounted for by the Group as this subsidiary was acquired by the Group in February 2012.