Soundwill Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2016. The board announced that based on information currently available to the Board, the group is expected to record a significant increase in the consolidated revenue for the six months ended 30 June 2016 while the group is expected to record a decline in profit attributable to the shareholders as compared with the corresponding period ended 30 June 2015. The Board considers that such changes are mainly due to: a significant increase in revenue recognised from property development during the period due to the significant increase in the total gross floor area of properties completed and delivered during the period as compared with the corresponding period in 2015; and a net loss on fair value adjustments on investment properties was recorded for the Period while a net gain on fair value adjustments on investment properties was recorded for the corresponding period in 2015.