Wan Kei Group Holdings Limited provided consolidated earnings guidance for the year ending March 31, 2016. The board of directors of the company informed the shareholders of the company and potential investors that, based on the preliminary review on the group's unaudited consolidated management accounts for the eleven months ended 29 February 2016, the group expects that the group will record a significant decrease in its net profit for the year ending 31 March 2016 as compared with the year ended 31 March 2015. The reasons of the decrease in net profit are (i) the listing expenses incurred during the year ending 31 March 2016; (ii) the decrease in the number of projects of foundation works with revenue over HKD 13 million as compared with the corresponding period last year; (iii) the progress of a project with higher gross profit margin had been slowed down during the year; and (iv) the decrease in gross profit margin of certain new projects of foundation works awarded to the group during the year as a result of the keen competition in the construction industry in Hong Kong.