Phoenitron Holdings Limited provided consolidated earnings guidance for the first quarter ended March 31, 2016. The Group is expected to record a decrease in net profit of approximately HKD 3.1 million for the first quarter ended March 31, 2016 as compared to that of the corresponding period in 2015. The Board believes that such expected decrease is mainly attributable to the combined effects of decrease in interest income as the interest rate chargeable to a joint venture was lower during the current period; the net loss attributable to the module packaging and testing service business during the current period increased as compared to the corresponding period in 2015 and the incurrence of exchange gain on the carrying balance of amount due from a joint venture whereas an exchange loss was incurred in the corresponding period in 2015.