Longrun Tea Group Company Limited announced consolidated earnings results for the year ended March 31, 2016. For the year, the company reported revenue of HKD 217,659,000 compared to HKD 256,439,000 a year ago. Profit before tax was HKD 4,799,000 compared to loss of HKD 207,441,000 a year ago. Profit for the year was HKD 2,414,000 compared to loss of HKD 203,877,000 a year ago. Profit attributable to owners of the company was HKD 2,414,000 or 0.17 cents per basic and diluted share compared to loss of HKD 203,877,000 or 14.07 cents per basic and diluted share a year ago. The profit for the year under review as compared to a loss for prior year was mainly due to the absence of the impairment of goodwill, intangible assets and property, plant and equipment of approximately HKD 175,466,000 in 2016 as compared to 2015; and a one-off gain on disposal of subsidiaries, before tax and expenses, of approximately HKD 18,811,000 for the year ended March 31, 2016. Capital expenditure was HKD 5,029,000 against HKD 8,710,000 a year ago.