Excel Development (Holdings) Limited provided consolidated earnings guidance for the nine months ended December 31, 2016. The board of directors of the company announced that, based on the information currently available to the Board, the Group is expected to record a consolidated net profit of not less than HKD 60 million for the nine months period ended December 31, 2016 as compared to a consolidated net loss of approximately HKD 33 million for the year ended March 31, 2015. Such substantial improvement in the final results of the Group for the nine months period ended December 31, 2016 was mainly due to, among others, the estimated profit contribution from the automotive engines business which was acquired in February 2016.