Phoenitron Holdings Limited provided preliminary unaudited consolidated earnings guidance for the three months ended 31 March 2017. The group is expected to record a net loss attributable to owners of the company of approximately HKD 2.4 million for the current period as compared to a net profit attributable to owners of the company of about HKD 2.7 million for the corresponding period in 2016. The Board believes that such expected loss is mainly attributable to the combined effects of both the interest income and financial and management consultancy service fee income were no longer being accrued for and chargeable to Hota Group since the latter half of 2016 (three months ended 31 March 2016: about HKD 1.5 million and about HKD 9.0 million respectively); an exchange gain on the translation of the carrying balance of amount due from a joint venture of about HKD 0.9 million was recorded for the three months ended 31 March 2016 but no such exchange gain or loss was incurred during the current period as the outstanding amount has been fully impaired in 2016; the above was partly offset by the positive effect from the disposal of the loss-making module packaging and testing service business by end of 2016 (three months ended 31 March 2016: segment loss of about HKD 3.7 million); the closure of the Beijing SIM card plant in 2016 also helps to reduce the loss of SIM card segment during the current period by about HKD 1.9 million; and the improvement of the overseas SIM card segment result year-on-year basis by about HKD 0.7 million (it's expected that the performance of this segment will continue to improve for the rest of the year).