Ngai Shun Holdings Limited provided earnings guidance for the six months ended 30 September 2016. The board of directors of the company informed the shareholders of the company and potential investors that the Group is expected to record a substantial increase in unaudited consolidated net loss for the six months ended 30 September 2016 as compared to the corresponding period in 2015. Such expected substantial increase in unaudited consolidated net loss was principally due to the followings: the net loss incurred by the foundation business in current period as compared to the net profit in prior period, mainly attributable to the discounts offered for the tendered projects to deal with the intense competition in tender with other subcontractors, which led to decreasing turnover; the enlarged fair value losses on the equity investments at fair value through profit or loss; and the significant increase in interest expenses on borrowings and promissory notes which were used for paying the consideration of the acquisition of the property development business.