Hong Kong Building & Loan Agency Ltd. provided consolidated earnings guidance of the Group for the six months ended June 30, 2016. For the period, the Group is expected to record a more than 80% reduced loss attributable to equity shareholders of the company as compared to the corresponding period in 2015. The expected reduction in loss for the company for the six months ended 30 June 2016 was mainly attributable to a gain on disposal of a subsidiary of approximately HKD 41 million for the six months ended 30 June 2016 compared to a loss on disposal of a subsidiary of approximately HKD 81 million in the corresponding period in 2015, an increase in gross profit of approximately HKD 5 million and a decrease in administrative and operating expenses of approximately HKD 13 million.