Major Holdings Limited provided earnings guidance for the year ended March 31, 2016. For the year, the company expected to report a substantial decrease in profit for the year ended 31 March 2016, as compared to last year mainly attributable to (1) the weak operating environment of the retail sector which has led to drops in Group's sales and gross profits; (2) the increase in marketing expenses incurred by Group; and (3) the increase in Group's staff cost.