Serrano Limited announced earnings guidance for the half year of 2016. For the period, the group is expected to report a net loss primarily attributable to lower turnover due to reduced business activities from the Group's interior fit-out business, cost overruns for projects under the Group's interior fit-out business arising from an increase in labour sub-contracting costs resulting from labour shortage and reworks undertaken as well as additional costs incurred for defect rectifications, write-off of doubtful receivables, overdue retention sums as well as claims for variation orders not approved, and impairment loss on available-for-sale financial assets.