Grand Peace Group Holdings Limited announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company announced turnover of HKD 87,768,000 compared to HKD 83,155,000 for the same period a year ago. Loss from operations was HKD 22,390,000 compared to HKD 19,895,000 for the same period a year ago. Loss before taxation was HKD 57,316,000 compared to HKD 51,534,000 for the same period a year ago. Loss attributable to owners of the company was HKD 53,699,000 compared to HKD 50,508,000 for the same period a year ago. Basic and diluted loss per share was 23.85 cents compared to 85.99 cents a year ago. Capital expenditure was HKD 39,173,000 compared to HKD 9,812,000 a year ago. Net cash outflow from operating activities was HKD 122,734,000 compared to HKD 16,185,000 for the same period a year ago.