The board of directors of Brightoil Petroleum Holdings Limited informed the shareholders of the company and potential investors that based on the information currently available to the Board, the Group's business in International Trading and Bunkering, Marine Transportation and Upstream Tuzi and Dina 1 Gas Field projects recorded profits for the year ended 30 June 2016. Based on a preliminary review of the unaudited management accounts of the Group, the profit attributable to the owners of the company is expected to record a significant decrease as compared with that of the corresponding period of the previous year. The decrease was mainly attributable to the loss on the Caofeidian oilfields in China as a result of the significant drop of and the continuously low international crude oil price.