Newtree Group Holdings Limited provided unaudited consolidated earnings guidance for the six months ended September 30, 2017. For the period, the company expects the board of directors of the Company to inform the shareholders of the Company and potential investors that, based on the information currently available to the Company and preliminary review of the unaudited consolidated management accounts of the Group, the Group is expected to record a profit for the period attributable to owners of the Company for the six months ended September 30, 2017 as compared to the loss attributable to owners of the Company of approximately HKD 153.1 million for the corresponding period in 2016. The expected turnaround from loss to profit for the 2017 Interim Period was mainly attributable to the one-off gain on disposal of subsidiaries of approximately HKD 65.2 million; the full period profit contribution of approximately HKD 7.5 million from money lending business which was acquired in December 2016; and no impairment loss was recorded for the 2017 Interim Period, while impairment loss on goodwill and trade receivables of approximately HKD 87.9 million and HKD 27.1 million respectively was recorded for the corresponding period in 2016.