Associated International Hotels Limited reported profit guidance for the year ended 31 March 2018. The board of directors of AIHL will record a profit before taxation of approximately HKD 243 million as compared to a loss before taxation of approximately HKD 69 million for the year ended 31 March 2017, mainly attributable to the reduction in valuation losses of approximately HKD 345 million in respect of its investment properties. Valuation losses on investment properties will only affect the accounting profit or loss but not the cash flow of the AIHL Group. It is expected that there will be a limited decrease in the results arising from the normal business operation of the AIHL Group for the year ended 31 March 2018.