APAC Resources Limited provided earnings guidance for the year ended June 30, 2017. For the year, based on the preliminary review of unaudited consolidated management accounts of the Company and its subsidiaries for the year ended 30 June 2017 and the information currently available, the annual results of the Group for the 2017 Year are expected to record a profit attributable to the Shareholders of not less than HKD 400 million as compared to the loss attributable to the Shareholders of approximately HKD 17 million for the year ended 30 June 2016. The expected profit attributable to the Shareholders for the 2017 Year is mainly attributable to (i) profit from the Group's resource investment; (ii) the gain on partial disposal of the Group's investment in Metals X Limited and Westgold Resources Limited; and (iii) the upward adjustment to the carrying amount of loans receivable brought forward from the year ended 30 June 2016.