Based on the preliminary consolidated management accounts of the Group, the board of directors of Lai Fung Holdings Ltd. informed shareholders of the company and potential investors that the unaudited consolidated profit attributable to the owners of the company for the six months ended 31 January 2016 (period) is expected to record a substantial increase from that of HKD 184.3 million for the six months ended 31 January 2015. The expected increase in the unaudited consolidated profit attributable to the owners of the company for the period is primarily due to (a) increased profit contribution from the recognition of the sale of properties for the Period as compared to the same period last year; and (b) a significant fair value loss 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 charged to the income statement in the same period last year. No such fair value loss was recorded in the income statement in the period.