CFM Holdings Limited provided group earnings guidance for the six months ended December 31, 2015. Based on the preliminary figures, the group expects to record a higher net loss after tax again as per the previous corresponding financial period ended December 31, 2014 mainly due to the following reasons: higher provision for stock obsolescence due to certain products are no longer in production and the materials are not usable for other existing productions; higher provision for doubtful debts due to much slower than expected repayment of receivables by some of the customers; decline in revenue due to lower demand from key customers for metal stamping operations; and higher professional fee incurred in connection with the TOP matter (mainly for consultants of the project and legal advisor) as announced on May 22, 2015, July 1, 2015, July 9, 2015, July 17, 2015, September 17, 2015, October 30, 2015 and December 2, 2015.