International Entertainment Corp. provided group earnings guidance for the year ended 31 March 2017. Profit of the group for the year ended 31 March 2017 is expected to increase by approximately 30% to 50% as compared to the profit of the group of approximately HKD 45.2 million for the year ended 31 March 2016. The expected increase in the profit of the Group for the year ended 31 March 2017 was mainly attributable to, among other things, the combined effect of an increase in gross profit as compared to the last corresponding period mainly due to a decrease in depreciation (included in cost of sales) after partial set off in a decrease in revenue; the recognition of a slight gain on the change in fair value of financial assets at fair value through profit or loss for the year ended 31 March 2017 as compared to the loss recognised for the year ended 31 March 2016; and a one-off gain on the change in fair value of contingent consideration provision of HKD 16.6 million recognised for the year ended 31 March 2016.