Guangdong Land Holdings Limited provided preliminary unaudited consolidated earnings guidance for the year ended 31 December 2015. The company announced that, based on a preliminary evaluation of the consolidated management accounts of the group, which have not been reviewed or audited by the company's auditors, the group is expected to record an unaudited consolidated profit after tax of not less than HKD 160 million for the year ended 31 December 2015, which was a substantial increase when compared to that for the year ended 31 December 2014. The increase in the unaudited consolidated profit after tax was mainly due to the recognition of a gain on bargain purchase of approximately HKD 234 million by the company from the acquisition of 100% equity interests of Triumphant Success Limited from GDH Limited, the controlling shareholder of the company (the details of the transaction were set out in the company's interim report for the six months ended 30 June 2015), such gain was partially offset by a significant exchange loss recorded in the second half of 2015 which was mainly due to the depreciation of Renminbi against Hong Kong Dollar, and, furthermore, in sale of staff quarters, the group recorded a gain of approximately HKD 73.38 million in 2014 while that recorded during the year ended 31 December 2015 was significantly lower in comparison.