Lai Fung Holdings Ltd. provided consolidated earnings guidance for the six months ended 31 January 2015. For the six months, the company expected to decrease significantly, primarily due to: a significantly lower revaluation gain arising in the revaluation of the group's investment properties for the period as compared to the same period last year; and the fair value loss, mainly as a result of worse than expected outlook on Renminbi depreciation, arising on the cross currency swap which was entered into in relation to the company's RMB 1.8 billion senior notes issued in 2013.