Wang On Properties Limited provided earnings guidance for the year ended March 31, 2018. The board of directors of the company informed the shareholders and potential investors of the company that based on the preliminary review on the draft unaudited consolidated management accounts of the Group for the year ended 31 March 2018, the Group is expected to record a notable increase of not less than 40 times in its consolidated profit attributable to owners of the parent as compared with that of the corresponding period in 2017. Such increase was primarily attributable to, among other things, gains on disposal of partial shareholdings in subsidiaries holding respective property development projects and the increase in turnover contribution from a completed property development project.