China Demeter Investments Limited provided earnings guidance for the second quarter and six months ended June 30, 2016. For the quarter, the board of company is expected to record a substantial increase in profit for the three months ended 30 June 2016 of more than 100% when compared with the profit of approximately HKD 2.5 million for the three months ended 31 March 2016. Such considerable increase in profit is mainly attributable to an increase of more than 200% in the gain in fair value of financial assets through profit or loss for the three months ended 30 June 2016 as compared to a gain in fair value of financial assets through profit or loss of approximately HKD 3.9 million for the three months ended 31 March 2016. Financial assets through profit or loss are mainly composed of listed equity securities in Hong Kong whose fair values are determined with reference to the quoted market prices in the market. The company is expected to record a considerable reduction in profit for the six months ended 30 June 2016 as compared to the profit for the six months ended 30 June 2015 of approximately HKD 61.4 million. Such expected reduction in profit for first half of 2016 was mainly attributable to: a substantial decrease in gain in fair value of financial assets through profit or loss for 2016 of more than 70% when compared with the gain in fair value of financial assets through profit or loss of approximately HKD 56.3 million in 2015 first half; a substantial decrease in income recorded from the money lending business of the Group for first half of 2016 of more than 60% when compared with an income of approximately HKD 8.1 million for 2015 first half; and the discontinued operation of the processing and sales of food product business segment of the group due to completion of the disposal of the Group's equity interest in Zhao Hui Holdings Limited in December 2015, details of which are set out in the annual report of the Company for the year ended 31 December 2015.