The board of directors Kingbo Strike Limited announced that revenue and profit of the group for the six months ended 31 December 2015 (the interim period) are expected to increase by approximately 100% and 50% respectively as compared to that for the corresponding period in 2014. The Board announced that the expected increase in profit was primarily attributable to: an upsurge of approximately 100% in revenue generated by the group and an increase of approximately 80% in share of results of joint ventures as a result of more projects with significant percentage of completion being recognised during the interim period; and depreciation of Singapore dollars against Hong Kong dollars resulting in a significant increase in non-cash foreign exchange gain generated from the translation of the Hong Kong dollars bank deposits at the closing of the interim period.