Miko International Holdings Limited provided earnings guidance for the financial year ended December 31, 2016. For the period, the company available, the group expects to record a significant decrease in profit attributable to shareholders and net losses recorded as compared with net profit recorded for the corresponding financial year of 2015. The expected significant decrease in profit attributable to shareholders and net losses recorded for the financial year ended 31 December 2016 is mainly attributable to the continuous weak growth of the PRC consumer market, which significantly impacted sales performance of their own branded products and resulted in a reduction in prices with gross profit margin being squeezed.