Midland Holdings Ltd. reported consolidated earnings results for the eleven months ended November 30, 2015. The Group has recorded a consolidated net loss attributable to equity holders of approximately HKD 75 million for the eleven months ended November 30, 2015.

The company expects that the Group will record a consolidated net loss attributable to equity holders for the year ending December 31, 2015 as compared to the consolidated net profit attributable to equity holders of approximately HKD 64 million for the year ended December 31, 2014. The Group's results for the year ending December 31, 2015 have been adversely affected by, among other factors: drop in the residential property market sales activities in Hong Kong; and keen competition in the property agency industry in both Mainland China and Hong Kong which has also led to increase in operating costs.