Capital Environment Holdings Limited provided earnings guidance for the six months ended June 30, 2017. The board of directors of the company announced that based on preliminary review of the management accounts of the group for the six months ended June 30, 2017, it is expected that the group will record an increase in the unaudited profit attributable to equity holders for the six months ended 30 June 2017 of not less than 120% as compared with the unaudited profit attributable to equity holders for the corresponding period in 2016. Since the group has completed the acquisition of 51% of the New Zealand business from the substantial shareholders on 2 September 2016, the group's results for the six months ended 30 June 2016 has been restated so as to consolidate the results of the New Zealand business for the same period. The board believes that the expected increase in the profit attributable to equity holders mainly came from (1) the group has comprehensively promoted the budget management by increasing revenue, reducing cost and improving efficiency; and (2) the Group has accelerated the progress of projects and improved the efficiency of projects construction, which boosted a substantial increase in the revenue from construction services.