Infinity Development Holdings Company Limited board of directors announced that, based on the information currently available to the company and preliminary review of the unaudited consolidated management accounts of the Group, it is expected to record a significant decline in the Group's profit for the year ended 30 September 2016 as compared with the net profit for the last corresponding year. The decline was mainly attributable to: a decline in the revenue of the Group; a decline in fair value gain of investment properties; and the Group changed the estimated useful life of certain intangible assets of the Group which significantly increased the amortization charge to be recognised in the books of the Group.