AV Concept Holdings Limited provided preliminary unaudited consolidated earnings for the year ended March 31, 2016. The company expects to record a profit for year 2016, as opposed to a loss of approximately HKD 64.9 million for the year ended March 31, 2015. It is expected that such profit for 2016 was primarily attributable to an increase of more than 70% in the Company's share of profits and losses of joint ventures and associates for year 2016 as compared with that for year 2015, and a substantial decrease of more than 60% in the fair value losses on equity investments at fair value through profit or loss for year 2016 as compared with that for year 2015.