OTO Holdings Limited provided earnings guidance for the month and year ending March 31, 2012. For the month, the company expects to achieve approximately 30% to 40% of the profit forecast of HKD 50.8 million for the year ending March 31, 2012, mainly as a result of an anticipated revenue shortfall of approximately HKD 90 million as compared to the forecasted revenue of the Group for fiscal year 2012. The board also announced that the group anticipates to record an increase of approximately 20% in revenue for fiscal 2012 as compared to that for the year ended March 31, 2011. Net profit of the group for fiscal 2012 is expected to be substantially lower than that for fiscal 2011 by approximately 45% to 55%, mainly as a result of a lower gross profit margin of the group, which is expected to decline to approximately 67% to 68% for fiscal 2012 from 70.0% for fiscal 2011, mainly attributable to the unanticipated price reduction by major competitors of the group in Hong Kong since December 2011, which led to the lowering of the average selling prices of the group's products; and although the general and administrative expenses for fiscal 2012 is expected to be generally in line with those of the forecasted expenses, the general and administrative expenses for fiscal 2012 is expected to be higher by approximately 35% to 45% as compared to those of fiscal 2011.