Santak Holdings Limited provided group earnings guidance for the financial year ended June 30, 2016. For the year, the company announced that following a preliminary assessment of the financial results for fiscal year 2016, the group and/or the company as the case may be, is expected to report a significantly higher loss for fiscal year 2016 compared to the previous corresponding financial year. This is mainly attributable to the significantly lower turnover for fiscal year 2016 compared to fiscal year 2015 as well as the losses incurred by the group’s Wuxi operation (in particular due to a significant drop in revenue accompanied with substantial selling price erosions particularly during the second half of fiscal year 2016, as well as the substantial fixed operating overheads arising from additional two new factory facilities set up in fiscal year 2015 for the recent precision machined component projects) and on-going efforts to restructure the Group’s businesses.