C C Land Holdings Limited provided earnings guidance for the year ended 31 December 2016. For the period, the Group is expecting to record a loss attributable to its shareholders of approximately HKD 385 million for the year ended 31 December 2016, as compared to a profit of approximately HKD 1,367 million last year. The expected loss was mainly attributable to (i) a significant decrease in the Group's recognized revenue expected for the year following completion of the series of strategic disposal of its portfolio of properties, joint investments and investments projects as announced in 2015, (ii) a significant decrease in the gains on disposal of subsidiaries (net of tax) to approximately HKD 28 million, compared with approximately HKD 1,417 million last year, (iii) fair value losses of approximately HKD 195 million from the Group's portfolio of equity investments at fair value through profit or loss, compared with fair value gains of approximately HKD 169 million last year and the impairment made in respect of the Group's available-for-sale investments amounted to approximately HKD 152 million, mainly as a result of the sluggish and turbulent equity market in Hong Kong during the year, and (iv) a significant decrease in the gains on disposal of equity investments at fair value through profit or loss to approximately HKD 14 million, compared with approximately HKD 218 million last year.