Lung Kee (Bermuda) Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2017. The board of the company announced that consolidated profit attributable to the owners of the company for the six months ended 30 June 2017 is expected to increase by not less than 90% as compared to the same period of 2016. The increase in the amount of the profit is attributable to the following principal factors: the group's one-off estimated profit (i.e. the estimated profit attributable to the owners of the company of more than HKD 50,000,000) from the disposal of the land use right of the land situated at No. 1698 Min Yi Road, Songjiang District, Shanghai, the People's Republic of China and all premises erected on the land by Shanghai Lung Kee Metal Products Co. Ltd., an indirect subsidiary of the company and the increase in the group's sales revenue and the enhancement in the gross profit margin of products due to the improvement in production efficiency and cost control.