Kenford Group Holdings Ltd. announced unaudited consolidated earnings guidance for the year ended March 31, 2016. For the year, the company expects the group will record a loss attributable to owners of the company for the financial year ended 31 March 2016 as compared to a profit attributable to owners of the company of approximately HKD 793,000 for the financial year ended 31 March 2015. The decrease in sales of approximately 11% as compared to the last financial year ended 31 March 2015, as a result of a decrease in orders from the European and Asian markets which outweighed the recovery of demand from the American market; The increase in statutory minimum wages of approximately 15% in the Mainland China as compared to the last financial year ended 31 March 2015; The unrealized net fair value loss of approximately HKD 3 million on equity investment as a result of the substantial downturn in the Hong Kong stock market; The loss on disposal of machinery of approximately HKD 1 million; and The loss on exchange difference of approximately HKD 1 million as a result of accumulated effect of the normal conversion of foreign currency to base currency during the reporting period.