International Elite Limited provided preliminary earnings guidance for the six months ended 30 June 2016. For the six months, the company provided unaudited consolidated expects to record a loss for the six months ended 30 June 2016 as compared to profit for the six months ended 30 June 2015. The loss for the six months ended 30 June 2016 was mainly attributable to (i) the decrease in sales of RF-SIM products as compared to those in the six months ended 30 June 2015; and (ii) the provision for obsolete and slow-moving inventories. The extent of the loss has yet to be ascertained as at the date of this announcement.