Bestway International Holdings Limited provided earnings guidance for the financial year ended March 31, 2016. Based on the preliminary review of the unaudited consolidated management accounts of the group for the year ended 31 March 2016 and information currently available to the board, the board expects a significant increase in the loss attributable to the equity holders of the company for the financial year ended 31 March 2016, as compared with that for the previous financial year. The expected loss was primarily attributable to a combined effect of the significant increase in revenue generated from the trading of securities and commodities business, which was set off by the impairment loss arising from the revaluation of mining rights of tungsten of approximately HKD 217 million (mainly due to decline in the estimated selling price of tungsten concentrate products during the year) together with a tax effect due to the reversal of tax provision made on the mining rights of approximately HKD 54 million credited to profit and loss, as compared with the impairment loss of approximately HKD 66 million and a deferred tax credit of approximately 16 million made for the year ended 31 March 2015.