The Grande Holdings Limited announced unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company's revenue was HKD 139 million compared with HKD 280 million a year ago. The significant decrease in revenue was mainly due to the decrease in the revenue generated from the distribution of household appliances and audio products of Emerson. Profit before tax was HKD 2,471 million compared with loss of HKD 8 million a year ago. Profit attributable to shareholders of the company was HKD 2,647 million or HKD 1.82 per basic and diluted share compared with loss of HKD 19 million or HKD 0.04 per basic and diluted share a year ago. The turnaround from net loss to net profit was mainly due to the significant gain of HKD 2,636 million arising from the discharge of liabilities due to the scheme creditors of the company as set out in Note 8, though partially offset by an impairment loss of HKD 191 million in respect of the trademark of Emerson as set out in Note 14.