HKC (Holdings) Limited provided consolidated earnings guidance for the year ended December 31, 2016. For the year, the company expected to record a positive net profit as opposed to the audited consolidated net loss for the previous corresponding period ended December 31, 2015. The group is expected to record a positive net profit attributable to equity holders for the year ended 31 December 2016 as opposed to the net loss recorded for the previous corresponding period ended 31 December 2015. Such turnaround from loss to profit is mainly due to the fact that the Group recorded an improvement on the sale of properties and an increase in the fair value for the investment properties, resulting in a profit contribution of approximately HKD 300 million.