Kingdom Holdings Limited provided earnings guidance for the six months ended 30 June 2016. For the period, the Group is currently expected to record approximately 20% decrease in revenue from the sales of linen yarn as compared with that of the corresponding period in 2015. Such decrease is primarily due to (i) the slower sales orders than expected due to the weak economic conditions in both China and other overseas markets; and (ii) a strategic reduction of the average selling price of linen yarn. It is expected that the net profit of the Group attributable to the owners of the parent for the six months ended 30 June 2016 will decrease by approximately 30% as compared with the corresponding period in 2015.