Eagle Nice (International) Holdings Limited provided earnings guidance for the year ended March 31, 2015. For the period, the group is expected to record a substantial increase in profit compared to the profit for the corresponding period in 2014. Based on the information currently available to the company, the Board believes that
the main reasons attributable to the expected substantial increase in profit are (i) business reformation to focus on manufacturing higher margin products; (ii) improvement of production flow to enhance efficiency; and (iii) effective cost control including restructuring and streamlining of the group's organizational structure, termination of leasing a factory premises in Shantou, the PRC and implementation of a series of cost-saving measures.