Applied Development Holdings Limited provided earnings guidance for the year ended June 30, 2017. For the period, the group expects to record a decline in profit before tax in a range from 25% to 31% as compared with that for the year ended June 30, 2016. The decline in profit is primarily attributable to the fact that a non-recurring gain on disposal of subsidiaries amounting to approximately HKD 319 million was recognized in the year ended June 30, 2016, but no such non-recurring gain was recognized during the year ended June 30, 2017.