Asian Capital Resources (Holdings) Limited provided earnings guidance for the first quarter ended March 31, 2016. The board of directors of the company, based on a preliminary review of the unaudited financial information of the group, the group is expected to record a profit for the first three months ended 31 March 2016 as compared to the loss that was recorded for the corresponding period in 2015. The turnaround from loss to profit was mainly attributable to the reduction of staff cost that was due to the restructuring of the group's PRC operations, the reduction to the amortization expense of which all intangible assets being fully amortized in 2015, and a one-time gain from a disposal of a subsidiary.