Shangri-La Asia Limited announced that based on the financial information currently available to the Company and the preliminary assessment of the unaudited management financial statements, the Board anticipates that the Group will record a material decline in profit, and potentially even a loss, attributable to equity holders of the Company in the consolidated financial results for the six months ended 30 June 2016 as compared with the corresponding period last year. This is attributable to the effect of non-operating items, mainly an anticipated material decrease in fair value gains on investment properties (including properties being constructed for future use as investment properties of which the fair value becomes reliably determinable at 30 June 2016) and an increase in provision for impairment losses for hotel properties when compared with the corresponding period last year.