KBS Fashion Group Limited reported unaudited earnings results for the six months period ended June 30, 2015. For the period, the company reported revenue of $22,412,336 against $21,770,314 a year ago. Operating profit was $2,470,207 against $3,311,961 a year ago. Profit before tax was $2,483,809 against $909,296 a year ago. Profit for the year was $1,853,027 or $0.07 per basic and diluted share against loss for the year of $169,937 or $0.01 per basic and diluted share a year ago. Non-GAAP profit per basic and diluted share was $0.07 against $0.09 a year ago. Net cash from operating activities was $1,596,784 against $5,087,592 a year ago. Purchase of property, plant and equipment and construction in process was $295,727 against $645,377 a year ago. Non-GAAP profit for the period was $1,839,424 against $2,209,099 a year ago.

For fiscal year 2015, the company expects its net revenues to range between $50 million and $60 million, representing similar sales of the prior year. The company projects its non-GAAP net income to be between $3.7 million and $4.5 million, which is similar to the net profit of year 2014. This projection excludes the change in fair value of warrants and non-recurring fees related to the company's recent transactions and NASDAQ listing compliance. These forecasts reflect the management's current and preliminary view on the market and operational conditions, which is subject to change.