Phoenitron Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2015. For the year, the company anticipated to record a profit attributable to owners of the company as compared to a loss attributable to owners of the company for the corresponding period in 2014. The Board believes that the expected profit is mainly attributable to the combined effects of (1) profit began to be generated from the sales of petro-chemical products business which has formally commenced on late September 2014; (2) no provision for impairment of other receivables and prepayments was recognized for the current year (corresponding period in 2014: HKD 27.8 million); (3) no provision for impairment of amount due from a joint venture was recognized for the current year (corresponding period in 2014: HKD 92.3 million); (4) no fair value loss on a financial derivative was recognized for the current year (corresponding period in 2014: HKD 46.3 million); but the above was partly offset by (5) the incurrence of exchange loss on the carrying balance of amount due from a joint venture (as the loan is denominated in Renminbi which has depreciated substantially against Hong Kong Dollars during the current year); (6) decrease in interest income as the interest rate chargeable to a joint venture was adjusted downward during the current year and that there was an one-off adjustment on interest income in the corresponding period in 2014 of approximately HKD 7.1 million; and (7) the increase in loss for the PRC segment of the SIM cards business and the module packaging and testing service business during the current year.