Daohe Capital Limited provided group earnings guidance for the financial year ended 30 April 2016. The Board expects that net profit of the group for the financial year ended 30 April 2016 will fall by more than 80% as compared to the net profit recorded for the financial year ended 30 April 2015, mainly as a result of a decline in turnover of the group due to the challenging global business environment; and an additional tax provision to be made in the financial year ended 30 April 2016 for the Hong Kong tax case referred to in the company's interim report for the six months ended 31 October 2015.