Excel Development (Holdings) Limited provided earnings guidance for the six months ended September 30, 2016. For the six months, the company is expected to record a consolidated net profit of not less than HKD 16.0 million for the six months ended 30 September 2016 as compared to a consolidated net loss of HKD 2.2 million for the corresponding period in 2015. Such substantial improvement in the Interim 2016 was mainly due to, among others, the estimated profit contribution from the automotive engines business which was acquired in February 2016.