Agritrade Resources Limited provided earnings guidance for the year ended 31 March 2016. The board of directors of the company anticipated to report a substantial increase in its profit attributable to owners of the company for the year ended 31 March 2016 as compared with the year ended 31 March 2015. Such an increase was primarily attributable to, among other factors, the recognition of a substantial one-off gain on bargain purchase arising from the completion of acquisition of 51% equity interests in Merge Mining Holding Limited.