Hong Kong Food Investment Holdings Limited provided consolidated earnings guidance for the year ended March 31, 2016. The group expected that it will record a loss attributable to equity holders of the company for the year ended 31 March 2016 as compared to a profit attributable to equity holders of the Company for the year ended 31 March 2015. The Board considered that the expected loss attributable to equity holders of the company is primarily attributable to the expected decline in share of profits from associates for the year ended 31 March 2016; the absence of one-off gain on disposal of a property in the amount of approximately HKD 5,376,000 recognised for the year ended 31 March 2015; and the expected increase in operating loss affected by the overall economic slowdown and volatile market coupled with the increase in operating costs during the year ended 31 March 2016.