Vital Mobile Holdings Limited provided earnings guidance for the six months ended June 30, 2016. Based on the unaudited management accounts of the group for the five months ended 31 May 2016, the group expects to record a significant decrease in profit attributable to the owners of the company for the six months ending 30 June 2016 as compared to that for the six months ended 30 June 2015, mainly due to a substantial fall in revenue and gross profit margin. Such substantial fall in revenue and gross profit margin is mainly attributable to a continuous downturn in global demand since the last quarter of 2015 up to the present date, resulting in high inventory and competitive pricing in the mobile phone market; an increase in the number of competitors in the export market of mobile devices on ODM (original design manufacture) basis which is the business model adopted by the group; delay in the setting up of a 4G network by a major customer resulting in delay in its placing of orders with the group; and some of the customers' purchasing power being affected by the fall of their home currency against US dollars (the currency for trading with the group).