Ngai Hing Hong Company Limited provided earnings guidance for the ended June 30, 2014. For the year, the company expected the profit attributable to the shareholders of the company for the year ended 30th June 2014 of the company and its subsidiaries may decrease by more than 50% as compared to the same period of last year. The company considers that the expected decrease in the profit attributable to the shareholders of the company for the year ended 30th June 2014 of the group may decrease by more than 50% as compared to the same period of last year was mainly attributable to the combined effect of the reduction in turnover caused by the group's intention to concentrate its sales efforts on more profitable products, which has been partly offset by the improvement in the overall gross profit margins; the increase in operating expenses especially the increase in employee benefit expenses; and the decrease in the net amount of other gains which is mainly comprised of fair value gains on investment properties and unrealized losses on forward foreign exchange contracts.