Raffles United Holdings Ltd. provided group earnings guidance for the second half and full year ended December 31, 2015. The board informed shareholders that it is expected to report a net loss for the second half of the year ended 31 December 2015 due to: a one-off loss on the waiver of intercompany debts as a consequence of the disposal of Kian Ho Guangzhou Co. Ltd. (KHGZ) which was attributable to the non-controlling shareholder; loss from its Australia subsidiary for which the Group had ceased bearings operations during the year; and loss from KHGZ during the year before disposal.

Notwithstanding these reasons, the group expects to remain profitable for the full year ended 31 December 2015.