Pak Wing Group (Holdings) Limited provided group earnings guidance for the six months ended September 30, 2016. The group is expected to record an increase in net loss as compared to the net loss of approximately HKD 3.5 million recorded for the corresponding period in 2015 (exclusive of the impact of one-off listing expenses of approximately HKD 4.9 million). The Board considered that such loss incurred was mainly attributable to the declined gross profit margin as a result of an increase in operating expenses incurred in order to meet additional requirements of certain foundation projects, and the increasing competition from other contractors seeking to tender projects at lower price.