Hong Kong Building & Loan Agency Ltd. provided consolidated earnings guidance for the year ended 31 December 2015. For the period, the Group is expected to record a substantial increase in loss as compared to the loss recorded for the year ended 31 December 2014. The expected increase in loss for the company for the year ended 31 December 2015 was mainly attributable to (1) an impairment of goodwill of approximately HKD 666.7 million, (2) an one-off loss of approximately HKD 80.5 million on disposal of a subsidiary and (3) finance costs of approximately HKD 82.8 million due to interest amortisation of convertible bonds and promissory notes issued for the acquisition of Weldtech Technology Co.

Limited in 2014.