Playmates Toys Limited provided earnings guidance for the year ended December 31, 2016. The board of directors informed shareholders of the company and investors that based on a review of the Group's preliminary financial results for the year ended 31 December 2016, the revenue and profit after income tax of the Group for the year are expected to record decreases as compared to those of 2015. The unaudited revenue of the Group for the year ended 31 December 2016 is expected to be approximately HKD 993 million as compared to the audited revenue of HKD 1,551 million in 2015, and the unaudited profit after income tax of the Group for the year ended 31 December 2016 is expected to be in the range of HKD 100 million to HKD 115 million as compared to the audited profit after income tax of HKD 276 million in 2015. The decrease in profit was mainly attributable to lower sales in 2016 due to strong competition.