Grand Peace Group Holdings Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenue of HKD 23,344,000 against HKD 22,887,000 a year ago. Loss from operations was HKD 439,000 against HKD 814,000 a year ago. Loss before taxation was HKD 8,190,000 against HKD 7,454,000 a year ago. Loss for the period attributable to owners of the company was HKD 8,889,000 against HKD 8,104,000 a year ago. Basic and diluted loss per share was 2.5 cents against 2.28 cents a year ago. The group's total operating revenue during the period amounted to approximately HKD 23,344,000, representing a slight increase of 2% as compared to the same period last year, which was mainly driven by an increase in turnover from the loan financing business during the period.