Crocodile Garments Limited provided consolidated earnings guidance for the year ended July 31, 2017. Based on the preliminary unaudited consolidated management accounts of the Group, the Group is expected to record a substantial increase in the audited annual consolidated profit attributable to owners of the company for the year ended July 31, 2017, within the range of HKD 85 million to HKD 110 million, as compared to the consolidated profit attributable to the owners of the company of approximately HKD 455,000 recorded for the corresponding year ended July 31, 2016. The increase in the consolidated profit attributable to owners of the company for the year is primarily due to a substantial increase in revaluation gain of the Group's investment properties and effective cost control on the garment business of the Group during the year under review.