China Demeter Investments Limited provided earnings guidance for the third quarter and nine months ended 30 September 2016. For the quarter, the Board is expected to record a substantial decrease in loss of more than 70% when compared with the loss of approximately HKD 45.3 million for the three months ended 30 September 2015. Such considerable reduction in loss is mainly attributable to a decrease of more than 70% in the loss in fair value of financial assets through profit or loss for the three months ended 30 September 2016 as compared to the loss in fair value of financial assets through profit or loss of approximately HKD 49.4 million for the three months ended 30 September 2015. The company is expected to record a substantial reduction in profit or may even record a slight loss for the nine months ended 30 September 2016 as compared to a profit for the nine months ended 30 September 2015 of approximately HKD 16.0 million. Such expected reduction in profit was mainly attributable to: a decrease in gain in fair value of financial assets through profit or loss for the third quarter of 2016 of more than 70% when compared with the gain in fair value of financial assets through profit or loss of approximately HKD 6.9 million in for the third quarter of 2015; a decrease in income recorded from the money lending business of the Group for the third quarter of 2016 of more than 50% when compared with an income of approximately HKD 10.5 million for the third quarter of 2015; a decrease in the other income and gain for the third quarter of 2016 when compared with the other income and gain of approximately HKD 5.4 million in for the third quarter of 2015 which was mainly due to dividend income from the available for sale investments of the group; 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. During for the third quarter of 2015, such business segment recorded an unaudited segment profit of approximately HKD 4.4 million; but offset by an increase in the profit before tax recorded from the agricultural business segment of the group for the third quarter of 2016 when compared to a profit before tax of approximately HKD 2.8 million for the third quarter of 2015.