Grand T G Gold Holdings Limited provided earnings guidance for the year ended 31 March 2017. For the year, the group is expected to record a substantial decrease in its profit as compared with the profit of approximately HKD 20 million for the previous financial year; and a net loss attributable to equity holders of the company as compared to the net profit attributable to equity holders of the company of approximately HKD 11 million for the previous financial year. Based on the information currently available to the Board, the aforesaid changes were mainly attributable to the substantial non-recurring legal and resumption expenses of approximately HKD 23 million incurred by the company for, among others, defending vigorously the two winding up petitions against the company in the Cayman Islands and Hong Kong as well as for the resumption in trading of the company's shares after more than six years of suspension in trading.