Auto Italia Holdings Limited provided Unaudited consolidated earnings guidance for the year ended December 31, 2016. For the year, the company expected loss for the year ended 31 December 2016 as compared to the audited net profit of approximately HKD 27.8 million for the year ended 31 December 2015. Such loss is primarily attributable to the decline in revenue of the Car Division and Financial Investments and Services Division due to uncertain economic environment and subdued market sentiment.