HKC (Holdings) Limited provided consolidated earnings guidance for the six months ended June 30, 2016. The board of directors of the company informed the shareholders of the company and potential investors that the Group is expected to record a significant improvement in the unaudited consolidated net profit for the six months ended 30 June 2016 as compared to the unaudited consolidated net loss for the previous corresponding six months ended 30 June 2015. The net profit attributable to equity holders for the six months ended 30 June 2016 will record a positive net profit compared with the net loss recorded for the previous corresponding six months ended 30 June 2015. Such turnaround is mainly due to the fact that the Group during the six months ended 30 June 2016 did not record the decrease in the fair value for the investment properties and the impairment losses on properties held for sale that was recorded for the six months ended 30 June 2015, which was approximately HKD 762.7 million. Moreover, the Group recorded a gain of approximately HKD 100 million on the disposal of the toll road project in Guilin.