Hailan Holdings Limited provided earnings guidance for the six months ended June 30, 2017. For the period, it is expected that there will be a significant increase by over 2,000% in the Group's profit for the six months ended 30 June 2017 with an increase by over 700% in the profit attributable to the parent company as compared to that of the six months ended 30 June 2016. Such significant increase in the profit of the Group in the first half of 2017 was primarily attributable to the combined effect of the following factors: the increase in gross profit due to the increase in market price for properties and shifting of the types of properties for sales to the ones with higher average selling price per sq.m. as compared to the corresponding period in 2016; the decrease in selling expenses as a result of the adjusted calculation method in commission expenses; the decrease in administrative expenses as a result of non-occurrence of listing expenses; and the decrease in finance costs attributable to the reduction of interest expenses as result of early repayment of all borrowings due to the financial institutions.