The board of directors of King Force Group Holdings Limited announced that, based on the preliminary review of the unaudited consolidated management accounts of the Company for the year ended 31 March 2016, the Group is expected to record a loss for the year ended 31 March 2016 as compared with the profit recorded for the year ended 31 March 2015. The expected loss was primarily attributable to an increase in administrative expenses, being mainly legal and professional fees in relation to the acquisition of 45% equity interests of Magn Investment Limited by the Group, when compared to its results for the year ended 31 March 2015, which will likely offset the overall positive result of the Group's core business of provision of security guarding services and result in an overall net loss for the Group for the year ended 31 March 2016.