The board of directors of Emperor International Holdings Limited that announced based on the preliminary review of the latest available financial information of the Group, the Group expects to record a consolidated net loss for the six months ended 30 September 2015 as compared with a consolidated net profit for the corresponding period ended 30 September 2014. The Group expects to record a significant growth in turnover for the period which is attributable to the sales of properties. However, due to the recent downtrend of rental reversion of investment properties in prime locations, a significant net loss of fair value change in the Group's investment properties is expected.

Hence, the Group expects to record a consolidated net loss during the Period. Such net loss on fair value adjustment is a non-cash item and will not have a direct impact on the operation of the Group. Excluding the effect of the fair value adjustment on investment properties, the consolidated net profit for the Period is estimated to increase significantly compared with that of the corresponding period ended 30 September 2014.