Courage Investment Group Limited provided financial guidance for the year ended December 31, 2017. Based on a preliminary review by Courage Investment Group Limited's management on the unaudited management accounts of the Group, the board of directors announced that the company expects to record a profit attributable to owners of the company for the year ended 31 December 2017 as compared to the loss of $17,381,000 recorded by the Group for the year ended 31 December 2016. The Board expects that the profitable results are mainly attributable to: the reversal of impairment loss on the Group's vessels; the increase in fair value of the Group's investment property; and the profitable operating results of the Group's property holding and investment business as well as the investment holding business.