Golik Holdings Limited provided group earnings guidance for the six months ended 30 June 2017. The group expects to record a significant decrease in the unaudited consolidated profit attributable to the Shareholders for the six months ended 30 June 2017 as compared to the same period in 2016. The Board considers that the significant decrease in the unaudited consolidated profit attributable to the Shareholders for the six months ended 30 June 2017 as compared to the same period in 2016 is mainly attributable to the loss from great volatility in the prices of steel commodities and nonshipments of certain low price purchase contracts by suppliers in the Group's steel products distribution operation; and the loss from an associate and the startup cost absorbed by a new operation in the metal products segment of the Group.