New City Development Group Limited provided unaudited consolidated earnings guidance for the year 2018. Based on the Board's preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2017, and information currently available to the Group, the Group is expected to record an increase in profit for the year attributable to owners of the company for the year ended 31 December 2017 as compared to the year ended 31 December 2016. The expected increase in profit is mainly due to increase in value of the investment in Taiwan securities.