KTL Global Limited provided group earnings guidance for the full year ended June 30, 2016. For the full year, the company announced that based on an initial assessment of the management accounts for the full year ended 30 June 2016, the company expected to report a net loss for fiscal year 2016. The net loss was mainly attributed to allowances made for impairment of investments, trade receivables and inventories, in view of the challenging and uncertain market conditions in the oil and gas industry. This profit guidance is based on a preliminary review of the draft unaudited consolidated financial results of the group for fiscal year 2016.