Excel Development (Holdings) Limited announced that the group is expected to record loss attributable to the shareholders of the company not more than HKD 5,000,000 for the six months ended 30 September 2015 as compared to the profit attributable to the shareholders of the Company for the same period in 2014. The main reasons of the loss are: (i) the Group was not awarded with new significant contracts from the public sector since August 2014; and (ii) significant increase in construction costs including materials, staff and labour cost in civil engineering projects were recorded during the six months ended 30 September 2015 as compared to the corresponding period in 2014.