Applied Development Holdings Limited provided earnings guidance for the six months ended December 31, 2018. For the period, the group is expected to record a profit of approximately $38.4 million as compared to the loss of $425,000 a year ago. The turnaround of the group's results is mainly attributable to the net increase in fair value of financial assets at fair value through profit or loss of approximately HKD 60.6 million. Although the Group is expected to record a profit, such profit has been reduced by the following factors: the increase in selling and marketing expenses in respect of the properties under development and administrative expenses of approximately HKD 2.7 million and HKD 1.4 million respectively; and net loss on the disposal of financial assets at fair value through profit or loss of approximately HKD 8.1 million. There is no increase in fair value of investment properties for the reporting period as compared to the increase of HKD 7 million for the corresponding period in 2017.