Singamas Container Holdings Limited provided earnings outlook for the full year ending December 31, 2016. The Group is currently expected the consolidated net loss of the Group for the financial year ending 31 December 2016 increase substantially to at least USD 53,000,000 as compared with the consolidated net loss of the Group of USD 2,723,000 for the financial year ended 31 December 2015, or the consolidated net loss of the Group of USD 36,619,000 for the six month ended 30 June 2016. The expected widening in net loss for the financial year ending 31 December 2016 is primarily attributable to the decline in the Group's turnover and gross profit margin due to the continuing downturn of the macro economy since second half of 2015 which resulted in the consolidated net loss of the Group of USD 36,619,000 for the six month ended 30 June 2016 and expected consolidated net loss that will be recorded by the Group in the second half of 2016.