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Japan-Update

Daito Trust's operating profit seen up 20% in April-June

Japanese developer benefited from robust apartment orders

TOKYO -- Daito Trust Construction's operating profit for the April-June quarter is expected to surpass market estimates, rising to a record on solid demand for apartments and improved profitability.

The figure likely jumped 20% on the year to about 37 billion yen ($331 million), compared with the slight decline projected by analysts.

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