CIL Holdings Limited provided consolidated earnings guidance for the year ended June 30, 2017. For the year, the company expected to record a net loss as opposed to the audited consolidated net profit of approximately HKD 16,083,000 for the last financial year. The reason for turning from profit position to loss position was mainly due to gain arising from written back of payables of approximately HKD 2,463,000 during the Year, whereas, an amount of the corresponding item of approximately HKD 69,313,000 in relation to litigation settled was recognised in the last financial year.