Northern New Energy Holdings Limited provided group earnings guidance for the six months ended 30 June 2016. For the period, the Group is expected to record a net profit as opposed to a net loss for the six months ended 30 June 2015, mainly attributable to (i) a decrease in the unaudited consolidated loss attributable to the Group's catering business in comparison with the same period last year as a result of effective cost reduction and control measures plus having adopted an optimized business model; (ii) an increase in total revenue and resulting profit of the Group as compared to the same period last year mainly generated from the Group's new stream of income from its new energy development business since the last quarter of 2015; and (iii) a gain on disposal of a 80%-owned subsidiary which principally engaged in the catering business.