Minmetals Land Limited announced preliminary earnings results for the ten months ended 31 October 2016. Based on the preliminary information currently available to the Group, the board of directors of the Company announced that the revenue and net profit of the Group for the ten months ended 31 October 2016 have recorded a significant increase of approximately 180% and 260% respectively when compared to the corresponding period of last year. The significant increase in the group's revenue and net profit for the ten months ended 31 October 2016, in particular the comparative increase over the same period for the ten months ended 31 October 2015, was primarily due to the fact that most of the Group's revenue recorded in 2015 (representing approximately over 65% of the total revenue for the entire year) were recognised in the last two months in 2015, in contrast to the progress of revenue recognition in 2016 where a significant portion of the Group's Revenues were recognised in the first ten months of the year. While the board expects the Group's performance to record a significant increase for 2016 when compared to the year of 2015, the board expects the growth rate in the group's revenue and net profit for the entire year ending 31 December 2016 will be substantially lower than that for the first ten months of 2016.