The board of directors of Raymond Industrial Limited announced to the shareholders of the Company and potential investors that based on the information currently available to the Board, the results of the Group for the six months ended 30 June 2016 are expected to record a significant increase in profit by approximately HKD 9,654,000, representing an increase of approximately 104%, as compared to the profit for the six months ended 30 June 2015, which was mainly attributable to the launch of a series of new products with higher net profit margin and discontinuance of production of old products with negative net profit margin.