Le Saunda Holdings Limited provided consolidated earnings guidance for the year ended February 29, 2016. For the period, the company expects that the consolidated profit may decrease by approximately 35% comparing with the last year primarily attributable to continuing increase of operating costs in Mainland China; more discounts offered to get rid of the slow moving inventory; an operating loss recorded in the Hong Kong and Macau business segment for the financial year 2016 as compared with an operating profit for the last year; and increase of exchange losses due to the devaluation of Renminbi.