China Merchants Land Limited reported earnings guidance for the year ended 31 December 2016. The Group is expected to record a significant increase in the profit and the profit attributable to the owners of the company for the year ended 31 December 2016 by not less than 150% and 200% respectively as compared with the corresponding year of 2015. Such increase was primarily due to significant increase in revenue and profit for the nine months ended 30 September 2016 as compared to the corresponding period in 2015 due to the significant increase in the total gross floor area of properties completed and delivered during the period. Significant increase in the total gross floor area of properties completed and delivered and more properties mainly held by project companies in which the Group holds a relatively higher equity interest have been completed and delivered during the nine months ended 30 September 2016 compared with the corresponding period in 2015 which led to significant increase in the profit attributable to the owners of the company for the period.