Nine Express Limited provided consolidated profit guidance for the six months ended 30 June 2017. For the period, the company expects to record a consolidated net loss attributable to the owners of the company of approximately HKD 221 million as compared with net loss attributable to owners of the company of approximately HKD 27 million for the six months ended 30 June 2016. The major reasons are attributable to: an impairment loss of investment in an associate of approximately HKD 106 million recognised; properties development in progress written down of approximately HKD 63 million recognised; and properties held for sale written down of approximately HKD 17 million recognised.