Kingboard Laminates Holdings Limited provided earnings guidance for the year ended December 31, 2016. The board of directors of the company announced that, based on the preliminary review of the unaudited management accounts of KBL Group for the year ended December 31, 2016 and the information currently available to KBL Board, KBL Group is expecting to record an increase in the net profit of approximately 210-220% for the year ended December 31, 2016 as compared with the corresponding period of 2015. The expected increase in the net profit of the KBL Group is mainly attributable to an one-off income attributable the disposal of its wholly-owned subsidiary in May 2016, as more particularly disclosed in the Discloseable Transaction Announcement. Without taking into account the aforesaid one-off income, the increase in net profit of KBL Group is expected to be approximately 50-60% for the year ended December 31, 2016 as compare with the corresponding period of 2015. The expected increase in the net profit of the KBL Group is mainly attributable to: as disclosed in the Positive Profit Alert Announcement, the recognition of sales of residential properties in its property development business; and the general increase in profit margin of the products manufactured and sold by the KBL Group.