Carnival Group International Holdings Limited reported audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of HKD 1,934,024,000 against HKD 1,146,888,000 a year ago. Profit before tax was HKD 50,386,000 against HKD 95,728,000 a year ago. Profit for the year attributable to owners of the company was HKD 123,740,000 or 0.71 cents per diluted share against HKD 120,453,000 or 0.86 cents per basic and diluted share a year ago. The change on the results is mainly due to increase in fair value change on investment properties of approximately HKD 106.7 million; increase in fair value change on financial liabilities at fair value through profit or loss of approximately HKD 29.3 million; gain on disposal of a subsidiary of approximately HKD 254.1 million; and decrease in finance cost of approximately HKD 39.0 million; which was offset by increase in selling and marketing expenses of approximately HKD 256.0 million and increase in administrative expenses of approximately HKD 213.9 million. The increase in selling and marketing and administrative expenses was mainly arising from the acquisition of Nice Race.