October 20 -- Property developer Join-In (Holding) (RCode: 600745:) forecasts a huge increase in 2011 net profit due to government subsidies, reports yicai.com, citing a company filing.

Join-In had reported a loss of 3.8 million yuan in the first half of 2011.

The company reported on September 7 that it received a subsidy of 132 million yuan from Hubei province's Huangshi Economic and Technology Development Zone Committee for its contributions made to a local government construction project.

Join-In recorded revenue of 240 million yuan during the first three quarters, and earnings per share hit 0.42 yuan.

Source:CapitalVue