Midland IC&I Limited provided earnings guidance for the year ending December 31, 2017. The board of directors of the company informed the shareholders of the company and potential investors that based on a preliminary review of the unaudited consolidated management accounts of the group and other information currently available to the group, the group has recorded a consolidated net profit of approximately HKD 70 million for the eleven months ended November 30, 2017 and the group expects to record a substantial increase in the consolidated net profit for the year ending December 31, 2017 as compared to the consolidated net profit of approximately HKD 18 million for the year ended December 31, 2016. The improvement of the group's results is mainly attributable to the year-on-year increase in market transaction activity of the Hong Kong non-residential market in the first eleven months of 2017; and cost savings as a result of relocation of branches.