Powerwell Pacific Holdings Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2016. For the year, the group is expected to record a significant increase in profit after taxation as compared to that for the year ended 31 December 2015. Such increase in profit after taxation was mainly attributable to profit from the electric vehicle business newly established in June 2016 and decrease in loss arising in fair value change in contingent consideration receivables.