Bossini International Holdings Limited provided earnings guidance for the year ended June 30, 2016. The group expects to record an increase in profit attributable to owners for the year ended 30 June 2016 approximately in the range from 147% to 157%, as compared to the year ended 30 June 2015. It was mainly due to a gain of approximately HKD 267 million on the disposal of property and leaseback arrangement recognized in profit and loss of the Group for the year ended 30 June 2016. Excluding the above gain, the Group expected to record a decrease in profit attributable to owners for the year ended 30 June 2016 approximately in the range from 75% to 85%, as compared to the year ended 30 June 2015. Such expected decrease in profit was mainly caused by the significant decrease in revenue and gross profit attributable to less visitors and strong Hong Kong dollar which led to less consumption from them in Hong Kong and Macau, and weak local consumer sentiment, unseasonably warm winter weather and intensified competition in several core markets where the Group operates.