Kiu Hung International Holdings Limited provided preliminary group earnings guidance for the six months ended June 30, 2018. For the period, the Group is expected to record a significant decrease in the turnover for the six months ended 30 June 2018 by over 30% as compared to the corresponding period last year; and a significant increase in the loss attributable to owners of the company for first half 2018 by over 30% as compared to first half 2017. The decrease in turnover and increase in loss were due to the intensified competition in the industries of manufacturing and trading of toys and gifts items, resulting in fewer customer orders and thereby severely affecting the Group's profit margins.