Citychamp Watch & Jewellery Group Limited provided earnings guidance for the six months ended of June 30, 2017. For the period, the company’s net profit of the group is expected to record a substantial decrease as compared to that of the corresponding period of 2016. The decrease in net profit was mainly attributable to a net loss on fair value changes in trading portfolio investment of the group of approximately HKD 44 million for the six months ended 30 June 2017 as compared to a net gain of approximately HKD 66 million for the corresponding period last year; and the less favorable operating environment in the watch market, especially the market in which European brands operate, and the continuously weak retail industry during the first half of 2017.