Rich Goldman Holdings Limited provided consolidated earnings guidance for the year ended 30 June 2018. The board of directors of the Company informed the shareholders and potential investors of the company that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 30 June 2018, the Group is expected to record a significant increase in net profit by more than 100% as compared to the net profit of approximately HKD 39.9 million for the year ended 30 June 2017. The increase in net profit is mainly due to: a substantial increase in revenue contributed by the hotel operation business for the Reporting Year as compared with that for the year ended 30 June 2017 of approximately HKD 236,000, which is primarily due to the full-year effect of revenue contributed by the hotel operation business as the completion of the acquisition of the entire equity interest in Harbour Bay Hotels Limited took place on 26 June 2017, upon which HB Hotels became a wholly owned subsidiary of the Company and its financial results has been consolidated into the financial statements of the Group; a considerable increase in revenue contributed by the money lending business during the Reporting Year as compared with that for the year ended 30 June 2017, which is mainly attributable to the expansion of the money lending business; a turnaround from share of loss of an associate for the year ended 30 June 2017 to share of profit of an associate for the Reporting Year, which is principally attributable to the full-year effect of share of profit of Ever Praise Enterprises Limited ("Ever Praise") as Ever Praise only became an associated company of the Group in late June 2017; the absence of an impairment loss recognised in respect of intangible assets relating to the gaming and entertaining business of approximately HKD 397.3 million and a one-off loss on disposal of an associated company of approximately HKD 62.9 million recorded for the year ended 30 June 2017; and a significant decrease in amortization of intangible assets in respect of the gaming and entertaining business for the Reporting Year as compared with that for the previous financial year, which is due to the cessation of profit stream from two gaming business lines in the previous financial year (the "Cessation").