The board of directors of Auto Italia Holdings Limited informed the shareholders of the company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the group and the current information available to the Board, the group is expected to record a net profit for the six months ended 30 June 2017 as compared to the unaudited net loss of approximately HKD 11.44 million for the six months ended 30 June 2016. A turnaround of the group's performance is primarily attributable to an increase in unit sales of Maserati cars; an increase in income from the provision of pre-delivery inspection services in mainland China; and fair value gain on investment properties as well as gain on disposal of property, plant and equipment.