China Billion Resources Limited provided earnings guidance for the six months ended 30 June 2016. For the period, the group is expected to record a significant increase in loss of approximately HKD 68 million compared with the HKD 25 million loss reported for the six months ended 30 June 2015. The main contributors to the substantial increase in losses are the one-off recognition in 1H2016 of finance costs of approximately HKD 42 million against approximately HKD 13 million a year ago mainly attributable to the loans and convertible bonds, most of which have been fully settled through issues of new shares in late May 2016 as part of the group's debt restructuring exercise; and the administrative expenses of approximately HKD 30 million against HKD 20 million a year ago.