YGM Trading Limited provided group earnings guidance for the year ending March 31, 2016. The board of directors informed the shareholders and potential investors of the company that the group is expected to record a loss after taxation for the year ending 31 March 2016 despite the one-off gain from the disposal of YGM Clothing Limited as compared to a profit after taxation of approximately HKD 82.7 million for the year ended 31 March 2015. The decline in profit is mainly attributable to the significant decrease in sales in the retail and wholesale of branded garments, leather goods and accessories caused by a decline in the retail markets in which the Group operates, particularly in Hong Kong and China; rental and other occupancy expenses continued to suppress the aforesaid segment's profitability during the year, particularly in Hong Kong; and the incurrence of the one-off legal and professional expenses of approximately HKD 9.2 million (2015: HKD 4.6 million) in respect of the proposed spin-off and separate listing of the group's printing business on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited during the year.

Although the company recorded a net valuation gain of HKD 45.0 million on the group's investment properties for the year ended 31 March 2015, the impact of such valuation for the year ending 31 March 2016 remains to be ascertained until the finalisation of the company's audited results for the same period.