Guangdong Land Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2017. The board of directors of the group, expected that it will record a profit attributable to owners of the company of not less than HKD 46 million for the year ended 31 December 2017, representing an increase of more than 159% when compared to the audited profit attributable to owners of the company for the year ended 31 December 2016. When comparing to 2016, the major factors that affected the results of the group for the year ended 31 December 2017 included: in the fourth quarter of 2017, the group disposed of certain properties previously held as staff quarters and recorded a gain on disposal. Tt is estimated that such a gain on disposal will represent a significant contribution to the group's profit attributable to owners of the company for 2017; a decrease in revenue and gross profit generated from the sale of residential units under the Ruyingju Project when compared to the last year.