Pak Fah Yeow International Limited provided group earnings guidance for the full year ended December 31, 2015. Based on preliminary assessment of the management accounts of the Group, the board of directors of the company expected to record a significant decline in the consolidated net profit attributable to the owners of the Company for the year ended December 31, 2015 as compared to the year ended December 31, 2014. The Board considers that the expected decline was mainly attributable to the following two items that contributed to the gain in 2014 but were not repeated in 2015: (i) forfeiture of non-returnable deposit of HKD 18.5 million received in 2014 for the then proposed disposal of the Group's investment properties in the United Kingdom and (ii) no revaluation gain of the UK Properties in 2015 as compared to a huge gain of HKD 67.9 million in 2014.