Zhong An Real Estate Limited board of directors announced that, based on the preliminary review of the group's unaudited consolidated management accounts for the year ended 31 December 2015, the group is expected to record an increase of around 50% in its profit for the Year as compared to the profit recorded for the year ended 31 December 2014. Subject to finalization, the substantial rise in the Group's profit for the Year was mainly due to: interest income from a joint venture; the gain on disposal of equity interest in a joint venture; and fair value gain upon transfer of completed properties of the Group to investment properties made during the Year.