Kenford Group Holdings Limited provided consolidated earnings guidance for the year ended March 31, 2018. For the year, the group expected it will record an increase in loss attributable to owners of the Company for the financial year ended 31 March 2018 as compared with that for the financial year ended 31 March 2017. The expected increase in loss, as compared to the last financial year ended 31 March 2017, is primarily attributable to: 1. The decrease in sales as a result of a decrease in orders from the European and Mainland China markets caused by their struggling economies and the decrease in selling price for the matured products which outweighed the recovery of demand from the Japanese market; 2. The surge in material cost, especially in packaging material, plastic resins and copper, which has hampered the Company's gross profit margin; and 3. The increase in operating expenses as a result of the appreciation of Renminbi.