Hung Fook Tong Group Holdings Limited provided group earnings guidance for the six months ended 30 June 2017. The group is expected to record a profit attributable to owners of the company of around HKD 3 million for the first half of 2017 as compared to that of HKD 1.4 million for the six months ended 30 June 2016. The Board believes that the increase in profit attributable to owners of the company as compared to first half is mainly attributable to: increase in net sales by approximately 2%, mainly attributable to the increase in sales in the wholesales segment, which is due to the closer cooperation with key accounts in the Hong Kong market as well as more stringent control in rebates and discounts granted in the Mainland China market; and slight improvement in gross profit margin due mainly to the continuous enhancement in the procurement procedures.