TC Orient Lighting Holdings Limited provided group earnings guidance for the six months ended 30 June 2014. For the period, group is expected to record losses for the relevant period as compared to the corresponding period in 2013 due to the decrease in gross profit margin of the printed circuit board business, which is believed to be mainly attributable to the more intense competition in the PCB industry; excess capacity of machinery in the PCB business; and reduction in the average sales price of PCB, impairment loss for its property, plant and equipment in the PCB business, decrease in revenue and gross profit margin from the light-emitting diode lighting business, in view of the keen competition in pricing of the LED Lighting business which has resulted in fewer projects being taken up by the group after balancing the risk and return, and impairment loss for trade receivable with extended credit terms.