China Oriental Group Company Limited announced that based on a preliminary review of the group's unaudited consolidated management accounts for the six months ended 30 June 2016, the Group is expected to record a very significant increase in net profit for the six months ended 30 June 2016, as compared with the corresponding period in 2015. Based on the information available to date, the expected increase in net profit of the Group for the six months ended 30 June 2016 is mainly attributable to the combined effects of, among other things, (i) substantial increase in average selling price of the steel products; and (ii) stringent cost control measures implemented by the Group. As a result, a notable increase in gross profit margin.