International Standard Resources Holdings Limited provided earnings guidance for the six months ended 30 June 2016. The group is expected to continue to record a loss for the six months ended 30 June 2016 despite the fact that there is a fair value gain on the embedded derivative portion of the convertible notes of the Company of approximately HKD 69,837,000. Such loss was mainly attributable to non-cashflow items of amortisation of production sharing contract of approximately HKD 41,614,000; loss on revaluation of financial assets at fair value through profit or loss of approximately HKD 21,238,000; and imputed interest incurred on the convertible notes of the Company of approximately HKD 21,528,000, which the board believes that there is no material impact on the cashflow position and operations of the group.