The board of directors of Veeko International Holdings Limited announced that the group is expected to record a net loss ranging from approximately HKD 3,000,000 to approximately HKD 9,000,000 for the six months ended 30 September 2016, as compared to a net profit of approximately HKD 41,488,000 for the corresponding period last year, mainly due to the significant decrease in the profit derived from the Group's cosmetic business segment as a result of prolongation of the sluggish consumer market in Hong Kong.