Luen Wong Group Holdings Limited provided earnings guidance for the year ended March 31, 2016. The board of directors of the company expects that the net profit of the group for the financial year ended 31 March 2016 will decline substantially by about 50% to 70% as compared to the net profit of the group recorded for the financial year ended 31 March 2015, mainly as a result of the listing expenses of approximately $10.3 million incurred during the year ended 31 March 2016.