The board of directors of Lai Sun Garment (International) Limited announced that the profit attributable to the equity holders of the Company for the year ended 31 July 2016 are expected to record a significant decrease from that of approximately HKD 1,290 million for the year ended 31 July 2015. The expected decrease in profit attributable to owners of the Company for the year is primarily due to a substantially lower revaluation of the Group's investment properties during the Year under review. The underlying profit excluding revaluation of the Group's investment properties is expected to be steady. Therefore, a substantial decrease in the consolidated profit attributable to owners of the Company as compared to the same last year is expected. The revaluation of the Group's investment properties is a non-cash item and will not have a direct impact on the cash flow of the Group.