Armada Holdings Limited reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, revenue was HKD 26,848,000 against HKD 26,182,000 for the same period prior year. Depreciation and amortisation was HKD 1,413,000 against HKD 2,602,000 for the same period prior year. Operating profit of continuing operations was HKD 126,808,000 against HKD 156,873,000 for the same period prior year. Profit before income tax from continuing operations was HKD 184,261,000 against HKD 196,648,000 for the same period prior year. Profit for the period from continuing operations was HKD 187,731,000 against HKD 193,699,000 for the same period prior year. Profit for the period was HKD 1,596,463,000 against HKD 216,798,000 for the same period prior year. Profit attributable to shareholders of the company was HKD 1,595,372,000 against HKD 208,661,000 for the same period prior year. Diluted earnings per share was 101.87 cents against 13.36 cents for the same period prior year.

The group expects its rents from its investment properties and income from its advertising business to remain stable in the remaining months of 2016.