Applied Development Holdings Limited provided unaudited earnings guidance for the year ended June 30, 2018. For the year, the company expected to record a decrease in profit for the year ended 30 June 2018 as compared to the profit of HKD 297.98 million recorded for the year ended 30 June 2017. The decrease in the profit of the Group's results is mainly attributable to (i) a decrease in fair value gain of investment properties of HKD 88.0 million as compared to HKD 115.0 million for the corresponding period in 2017; (ii) decrease in revenue of approximately of HKD 10 million; increase in finance cost of approximately HKD 16 million for the year ended 30 June 2018 and (iv) a non-recurring gain on bargain purchase of HKD 171.65 million recorded in 2017 which does not occur in the year ended 30 June 2018.