Elegance Optical International Holdings Limited provided consolidated earnings guidance for the year ended March 31, 2017. The board of directors of the Company informed the shareholders of the Company and potential investors that based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March, 2017, it is expected that the Group will record a net profit for the year ended 31 March, 2017, as compared to the loss of approximately HKD 90.1 million in the year ended 31 March, 2016. This anticipated profit is attributable to, firstly, a gain on the disposal of Jet Kingdom Machinery Technology Company Limited of approximately HKD 21 million, which was recognised in the interim results of the Group for the six months ended 30 September, 2016.