The board of directors of Kingmaker Footwear Holdings Limited announced that based on the preliminary review of the unaudited consolidated management accounts of the Group, the Group is expected to record an unaudited profit attributable to equity holders of the Company of not less than HKD 220 million for the six months ended 30 September 2017, representing a significant increase as compared to the six months ended 30 September 2016. The expected increase in profit for the six months ended 30 September 2017 is mainly attributable to recognition of a net gain on disposal of Kingmaker Footwear (Zhong Shan) Co. Ltd. of approximately HKD 174 million; and a decrease in loss recorded from discontinued operation on the retailing business.