Hung Hing Printing Group Ltd. provided consolidated earnings guidance for the year ended March 31, 2012. The company is expected to record a significant decrease in profit for the year ended 31 March 2012 as compared to that recorded for the previous financial year. During the year ended 31 March 2012, the group has recorded a small increase in sales revenue as compared to last year. The significant decrease in profit is mainly attributable to rising production costs in its manufacturing sites in China, including rising labor cost and prevailing high raw material costs, including paper, coupled with soft demand in overseas market and intense competition in the China domestic market, which prevented the group from fully passing these incremental costs onto their customers. The significant decrease in profit is also attributable to the one-time gain of HKD 52 million from the deemed disposal of its paper mill associate in the previous year.