Ares Asia Limited provided earnings guidance for the year ended 31 March 2017. For the period based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2017, the Group is expected to record a modest net profit for the year ended 31 March 2017 attributable to the Shareholders as compared with the net loss for the year ended 31 March 2016 mainly due to: (i) the significant increase in revenue during the year as the Group continued to increase its coal trading activities as well as an improvement in the overall gross profit margin; and (ii) the reversal of the impairment loss of USD 640,000 recognised during the year ended 31 March 2017 in connection with the restructuring of coal supply and purchase agreements announced by the Group on 12 December 2016 was credited to the profit or loss for the year ended 31 March 2017.