The board of directors of Kim Heng Offshore & Marine Holdings Limited provided profit guidance in respect of the unaudited financial results of the Group for the fourth quarter ended 31 December 2016 and the financial year ended 31 December 2016. Based on a preliminary review of its financial results, the Group expects to report a greater net loss in the fourth quarter and full year 2016 as compared to the net loss recorded in the corresponding periods of the previous year. This was mainly attributable to: An impairment in value of the Group's property, plant and equipment; and A decrease in revenue due to the low demand for the Group's goods and services from all segments as a result of the downturn in the global oil and gas industry. Notwithstanding this, the Group is expected to report a positive net total assets, positive net current assets and a cash and cash equivalent balance of approximately SGD 20 million as at 31 December 2016.