Termbray Industries International (Holdings) Limited provided earnings guidance for the year ended March 31, 2016. For the period, the board of directors of the Company informed the shareholders and potential investors of the Company that, the Company and its subsidiaries expects that the loss for the financial year ended 31 March 2016 is significantly larger than the loss recorded for the corresponding year ended 31 March 2015. The amount of such loss is primarily due to the Group sharing the loss of the operating results from Petro-king Oilfield Services Limited and its subsidiaries for the financial year ended 31 December 2015 and the recognition of an impairment loss with respect to the Group's investment in Petro-king after taking into account of the sluggish global oil and gas market that caused further decline in oilfield service orders of Petro-king Group for the year ended 31 December 2015; the weak international oil price which led to stringent capital expenditure and cost cutting plans for most of Petro-king Group's customers; the estimated limits on business growth of Petro-king Group in 2016 brought about by the continuing effects of a bearish market on crude oil price; and the continuing downward trend of Petro-king's share price.