The board of directors of Casablanca Group 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 for the year ended 31 December 2016, the Group is anticipated to record a profit for the year ended 31 December 2016 as compared to a loss for the corresponding period in 2015. However, it is expected that the Group will record a substantial decrease in profit for the six months ended 31 December 2016 as compared to the profit recorded for the six months ended 30 June 2016.