Tang Palace (China) Holdings Limited provided earnings guidance for the period ended June 30, 2017. The group expects to record a substantial increase in its profit attributable to owners of the Company for the period ending 30 June 2017 as compared to the corresponding period in the previous year. Such increase was mainly attributable to revenue growth from existing and new stores, the positive impact reflected in first half year of 2017 resulting from the rollout of value added tax reforms in May 2016 and) the business rearrangement in the last year effectively reduced the sub-par businesses' impacts to the Group's results.