Cosmos Machinery Enterprises Limited provided consolidated earnings outlook for six months ended June 30, 2016. For the period, the Group expects to record an increase in loss attributable to the equity holders of the Company when compared to that of the corresponding period in 2015. Based on the information available, the Board considers that such loss were mainly attributable to (i) decrease in sales revenue, as a result of the slowdown of economy, in particular the manufacturing sector in Mainland China; (ii) slight decline in the gross profit which was affected by the adjustment of sales strategy to gain additional market share from key competitors; and (iii) the expenses incurred for the downsizing and restructuring of the Group's operation, in particularly, the plastics products and processing segment during the period, including the cessation of operation of Dongguan MS Plastic Products Co. Limited, a wholly-owned subsidiary of the Company.