Gemdale Properties and Investment Corporation Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2018. For the period, the company expects that as compared with the profit attributable to owners of the Company shown in interim report for the same period last year, the profit attributable to owners of the Company during the Period will increase by not less than 40%. Such an increase in profit is primarily attributable to the significant increase of the area delivered in the sales of the properties as well as the impact of the Hong Kong Financial Reporting Standard 15, resulting in an increase in revenue recognized in the Period as compared with the revenue shown in the interim report for the same period last year, together with a further increase in the gross profit margin during the Period as compared with the same period last year.