STELUX Holdings International Ltd. provided earnings guidance for the six months ended September 30, 2015. For the six months, the company is expected to record a consolidated net loss for the six months ended 30 September 2015 compared with a consolidated net profit for the corresponding period last year. The anticipated consolidated net loss is mainly attributable to an increase in borrowing costs of convertible bonds by approximately HKD 26 million due to change in fair value of liability component of convertible bonds; a decrease in turnover and gross profit caused by weak retail sentiment where the Group operates, particularly in Hong Kong, Macau and Southeast Asia (with moderate turnover growth recorded in Mainland China); and an exchange loss of approximately HKD 15 million (including unrealized exchange loss of approximately HKD 11 million) due to depreciation of currencies in Southeast Asia.

The group is expected to report a positive operating profit; an improved gearing ratio (with a reduction in bank borrowings of approximately HKD 130 million) and stable liquidity in the reporting period.