AV Concept Holdings Limited board announced that based on its preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2016 and the information currently available to the Group, the company is expected to record a very substantial increase of approximately by 18 times in profit for 2016 first half, when compared with the unaudited profit of approximately HKD 6.3 million for the six months ended 30 September 2015. It is expected that such increase in profit for 2016 first half was primarily attributable to: an increase of more than 25% in the Company's share of profits and losses of joint ventures and associates for 2016 first half when compared with that for 2015 first half; a substantial decrease of the company's administrative expenses and other net expenses for 2016 first half when compared to 2015 first half through internal enhancement of cost control; and a gain in fair value of equity investments at fair value through profit or loss of the Company for 2016 first half as opposed to a loss for 2015 first half that is mainly caused by the realized gain on partial disposal of equity investments at fair value through profit or loss.