Midland Holdings Limited provided consolidated earnings guidance for the six months ending June 30, 2017. The board of directors of the company inform the shareholders of the company and potential investors that based on a preliminary review of the unaudited consolidated management accounts of the group and other information currently available to the group, the group has recorded a consolidated net profit attributable to equity holders of approximately HKD 120 million for the five months ended 31 May 2017 and the group is expected to record a consolidated net profit attributable to equity holders for the six months ending 30 June 2017 as compared to the consolidated net loss attributable to equity holders of approximately HKD 134 million for the six months ended 30 June 2016. The turnaround of the group's results is mainly attributable to: the group strengthened its market position in Hong Kong; the number and value of residential sales transactions in Hong Kong posted an appreciable increase in the first five months of 2017 as compared to that of 2016; and improvement in resources allocation which resulted in higher cost efficiency.