Southern Packaging Group Limited provided earnings guidance for the half year ended June 30, 2014. The group is expected to report a substantial lower financial results as compared to the corresponding period last year largely due to, amongst others, the following reasons: the lower demand for packaging materials in the PRC market; The increase in labor costs to comply with the minimum wage policy and employees benefits; & the costs incurred for the relocation of production bases and down time to commission the new plant and machinery.