Wong's International Holdings Limited announced that based on preliminary assessment of the unaudited consolidated financial statements of the group for the six months ended 30 June 2016, the consolidated net profit attributable to the owners of the company for the interim period is expected to record a significant decrease by approximately 57% compared to the consolidated net profit attributable to the owners of the company for the corresponding period in 2015. Based on information currently available, such decrease was mainly attributable to the decrease in the group's share of profit in the group's property development joint venture as there were no sales of office units or car parking spaces and less valuation increase from the investment properties held by the joint venture during the interim period.