Kingdom Holdings Limited provided earnings guidance for the year ending December 31, 2016. For the period, the company expects that the net profit will decrease by around 40% compared with the year ended 31 December 2015, as a result of the slower sales orders than expected due to the weak demand in both China and non-European Union markets and lower gross margin resulted from the Group's strategic reduction of the average selling price of linen yarn since April 2016.