E-Commodities Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2017. The board of directors of the company announced that after a preliminary review of the Group's unaudited consolidated management accounts for the six months ended 30 June 2017 and information currently available, the Group is expected to record a net profit attributable to shareholders from continuing operations of between approximately HKD 400 and HKD 600 million for the six months ended 30 June 2017 as compared to the adjusted net profit generated from operational activities of HKD 115 million in the first half of 2016. This latter figure excluded the financial impact from the gain of HKD 2,027 million from the restructuring of the USD 500,000,000 8.50% senior notes due 2016 issued by the company on 8 April 2011 implemented through schemes of arrangement that became effective on 23 June 2016, professional expenses incurred for the Debt Restructuring of HKD 65 million as well as the interest payment in connection with the Senior Notes of HKD 77 million. The board believes such profit is primarily attributable to continued supply-side policy reform under PRC national policies since 2016 addressing over-capacity in the production of coal which has stabilized and even increased the price of thermal and coking coal; an overall improvement in the coal market since the second half of 2016 which, together with policy reforms mentioned above, has resulted in a move from oversupply to greater balance between supply and demand; the growing demand in the steel industry where the market price of coking coal has been maintained at a relatively high level; and an improvement in the company's operational performance through higher revenue, buoyed in part by an improving industry sector, continuing efforts to boost the Company's business, including through the development of the Company's new business model; and more stringent risk management in the commodities logistics and trading business sector.