Wong's International Holdings Limited announced unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported revenue of HKD 1,798,259,000 against HKD 1,625,209,000 a year ago. Operating profit was HKD 167,771,000 against HKD 81,858,000 a year ago. Profit before income tax was HKD 150,620,000 against HKD 224,939,000 a year ago. Profit attributable to owners of the company was HKD 129,250,000 or HKD 0.27 per basic and diluted share against HKD 202,965,000 or HKD 0.42 per basic and diluted share a year ago. The significant decrease was mainly due to reduction in share of profit of joint ventures in the sum of HKD 148.2 million offsetting by the change in fair value of investment properties in the sum of HKD 52.6 million. The increase in operating profit was driven by a growth in the sales revenue, a slight improvement in gross profit percentage, cost control measures and the booking of change in fair value of investment properties in the sum of HKD 52.6 million as an operating item following the termination of the joint venture for One Harbour Square in September 2016. Cash flow used in operations for the period was HKD 165.0 million. As at 30 June 2017, the group had net bank borrowings of HKD 1,099.1 million.