The board of Directors of Cheuk Nang (Holdings) Limited announced that the company together with its subsidiaries is expected to record an increase in consolidated profit attributable to the owners of the company for the year ended June 30, 2016 as compared to the consolidated profit attributable to the owners of the company for the corresponding year ended 30 June 2015. The expected increase in consolidated profit attributable to the owners of the company for the year ended June 30, 2016 is mainly due to an increase in the fair value of investment properties (for the year ended June 30, 2016 was HKD 1,213,705,000, for the year ended 30 June 2015 was HKD 282,922,000) which was partly offset by increase in the income tax expense (for the year ended June 30, 2016: HKD 814,852,000, for the year ended 30 June 2015: HKD 20,205,000).