Tungtex (Holdings) Company Limited provided earnings guidance for the six months ended September 30, 2016. For the period, the company expected to record a increase in its unaudited loss for the six months ended September 30, 2016 as compared to the unaudited loss for the corresponding period for the six months ended September 30, 2015. Such increase in loss was mainly attributable to (i) certain of the Group's customers in the US had closed down their operations, or shifted their product sourcing out of the China. Such developments resulted in significant decline in sales which had, in turn, impacted on the Group's turnover, as well as its profit margin due to diminished benefit from economies of the scale; and (ii) customer purchasing preference inclined towards fast changing fashion at competitive prices.