KTL International Holdings Group Limited provided earnings guidance for the ten months ended 31 January 2016. The board of directors informed the shareholders of the company and potential investors that, based on a preliminary assessment by the Board on the unaudited consolidated management accounts of the Group for the ten months ended 31 January 2016, the company recorded a consolidated loss for the Period as opposed to a consolidated profit for the corresponding period of 2015. The Loss was mainly attributable to decline in revenue of the Group during the ten months ended 31 January 2016 by approximately 37% and gross profit by approximately 46% for the Period as compared to the same period in 2015, among which included a decline of sales in Russia and Americas by approximately HKD 297.4 million and approximately HKD 45.1 million, largely due to unfavorable economic environment therein respectively; the decrease in average wholesale price of gold fine jewellery products of the Group in Russian market by approximately HKD 400 per piece as higher portion of products with simple design were sold to Russia, primarily resulting from the depreciation of Ruble against US dollars and the weakening of purchasing powers of Russian customers; and (iii) an exchange loss of approximately HKD 5.6 million upon translation of the pledged Renminbi deposits held by the Group during the Period.