China Environmental Resources Group Limited announced that the group is expected to record decrease in losses for the year ended 30 June 2017 as compared to the results for the corresponding period in 2016. This is the combined effects of increase in gross profit resulted from the increase in income from provision of financial services of approximately HKD 1.9 million; increase in other income resulted from the increase in interest income from refundable secured deposit of approximately HKD 5.8 million; decrease in net loss on fair value changes on financial assets at fair value through profit or loss to approximately HKD 0.9 million; decrease in loss from changes in fair value less costs to sell of biological assets to approximately HKD 33 million; and decrease in general and administrative expenses to approximately HKD 42 million due to tighten cost control measures taken by the management during the year ended 30 June 2017.