Kin Yat Holdings Limited provided earnings guidance for the year ended March 31, 2016. For the year, the company expected to record an improvement as compared to a net loss for the same corresponding period in 2015. The Board expects that the increase in profit was mainly attributable to a considerable decrease in non-cash provision for impairment of property, plant and equipment, prepayments and deposits, and properties under development recognised in 2015 which was amounted to approximately HKD 46.2 million, HKD 86.0 million and HKD 48.2 million respectively, while the performance of manufacturing business remained stable.