Fook Woo Group Holdings Limited provided earnings guidance for the year ended March 31, 2012. The board of directors of the company informed the shareholders of the company and potential investors that it is currently anticipated that the group may record a substantial net loss for the year ended March 31, 2012. The net loss of the group was principally attributable to substantial decrease in revenue due to the de-consolidation of the group's operations in the PRC; loss on de-consolidation of certain subsidiaries of the group; and impairment of amounts due from the De-consolidated Subsidiaries.