Lai Fung Holdings Limited provided consolidated earnings guidance for the year ending July 31, 2017. For the year, the company announced that the consolidated profit attributable to the owners of the Company for the year ending 31 July 2017 is expected to record a substantial increase from that of HKD 873.5 million for the year ended 31 July 2016, which is expected to be a mix of lower operating profit due to lower recognised property sales from subsidiaries of the Company; increased profit contribution from the property sales of a joint venture project; and tax indemnity amount received from Lai Sun Development Company Limited pursuant to the Tax Indemnity Deed.