Wang On Group Limited provided consolidated earnings guidance for the six months ended September 30, 2016. For the six months, the company expects that the profit attributable to owners of the company will increase substantially by over 150% as compared to the corresponding period in 2015. Such increase is primarily attributable to, among other things, the gain on bargain purchase of additional interest in Wai Yuen Tong Medicine Holdings Limited, despite there has been a decrease in gross profit contributed from property development projects as there were more properties for sale in the same period in 2015, increase in administrative expenses and decrease in fair value of financial assets at fair value through profit or loss.