Texwinca Holdings Limited provided consolidated earnings guidance for the year ended March 31, 2017. Based on the preliminary review of the unaudited consolidated management accounts of the Group, it is expected that the Group may record an approximately 60% decrease in profit after tax for the financial year ended 31 March 2017 as compared with the corresponding period in 2016. Based on the information currently available, the Board considers that the decrease in profit after tax is primarily due to, including but not limited to, the following reasons: the decrease in sales and gross profit margin of the Group's textile business; the one-off gain on disposal of a subsidiary of HKD 269 million recorded in the year ended 31 March 2016; and the decrease in net gain on disposal of trademark of HKD 244 million.