Century City International Holdings Limited provided earnings guidance for the full year ended December 31, 2016. The company expects that the profit of the Group for the year ended December 31, 2016 will be substantially higher than the profit attained for the preceding year. The increased profit expected to be achieved by the Group for the year under review is primarily attributable to the profit on disposal by P&R Holdings Limited, a subsidiary of the company, of a 50% equity interest in the companies holding a hotel located in To Kwa Wan, Kowloon during the year under review, details of which were contained in the joint announcement of the company dated 28th December, 2016 and the circular of the company dated 26th January, 2017.