Crocodile Garments Limited provided consolidated earnings guidance for the year ended July 31, 2016, based on the preliminary unaudited consolidated management accounts of the Group. For the period, the board of directors of the company expects audited annual consolidated profit attributable to owners of the company for is to record a significant decrease to be within the range of HKD 0.2 million to HKD 2 million, from that of approximately HKD 51 million for the corresponding period last year. The decrease in the group's results for the year is primarily due to the weaker performance of the garment business and the material lower revaluation gain arising from the revaluation of the group's investment properties as compared to the same last year.