Applied Development Holdings Limited. provided earnings guidance for the year ended June 30, 2016. For the year, the company expected to record a substantial increase in profit for the year as compared to a profit of approximately HKD 8 million recorded for the year ended June 30, 2015. Such substantial increase in profit is primarily attributable to the gain on disposal of subsidiaries totaling approximately HKD 319 million which mainly related to the disposal of subsidiaries which held the properties in Severn Villa, an estimated net increase in fair value of investment properties totaling approximately HKD 56 million recorded for the year ended 30 June 2016.