G.A. Holdings Limited provided earnings guidance for the three months ended 31 March 2015. The group expected that it will record a significant drop in profit attributable to equity holders of the company for the three months ended 31 March 2016 as compared to that for the three months ended 31 March 2015. The company considered that the expected result is primarily attributable to the declines in total revenue and gross profit margins for the three months ended 31 March 2016 resulting from the intensified competition in the automobile market in the PRC; and the absence of one-off income from waiver of interest payable of approximately HKD 45,626,000 recognised for the three months ended 31 March 2015.