Fraser Holdings Limited provided earnings guidance for the year ended April 30, 2017. For the period, the company expects that a decrease in profit attributable to owners by approximately 36% compared to the year ended 30 April 2016. Such decrease was mainly due to a decrease in gross profit margin for the Group's business as a result of an increase in the overall construction costs in Hong Kong, coupled with a decrease in revenue derived from the slope works as a result of competition faced by the Group in obtaining new businesses and the completion of some government slope work projects.