Ngai Hing Hong Company Limited provided group earnings guidance for the six months ended 31 December 2016. The board of directors of Ngai Hing Hong Company Limited announced that the interim results of the company and its subsidiaries (collectively the group) for the six months ended 31st December 2016 are expected to record a profit as compared to a loss for the corresponding six months ended 31st December 2015. The profit that is expected to be reported was mainly attributable to: the improvement in gross profit margin as the cost of plastic materials which was relatively stable for the six months ended 31st December 2016 as compared to the corresponding six months ended 31st December 2015; the reversal of impairment of deposit for acquisition of properties; and the decrease in fair value losses on forward foreign exchange contracts held for trading.