The board of directors of KFM Kingdom Holdings Limited informed the shareholders of the company and potential investors that, based on the company's preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2017 and the information currently available to the company, the consolidated net loss of the Group for the year ended 31 March 2017 is expected to decrease significantly as compared with the loss in the corresponding year of 2016. Such improvement in financial performance was primarily attributed to the improvement of the performance of the metal lathing business and overall gross profit margin of the group.