China Vanke Co., the country's biggest listed property developer, said Thursday it expected net profit for the first three quarters of 2006 to increase by 50 to 60 percent from a year ago.

Vanke, whose first-half earnings jumped 54 percent, posted 872 million (US$110 million) in net profits in the January through September period of 2005.

(For more biz stories, please visit Industry Updates)