Yuan Heng Gas Holdings Limited provided consolidated earnings guidance for the year ended March 31, 2017. The board of directors of the company inform the shareholders of the company and potential investors that based on the preliminary assessment of the group's unaudited consolidated management accounts for the year ended 31 March 2017 and the information currently available to the board, the group's consolidated net loss attributable to owners of the company for the year ended 31 March 2017 is expected to increase as compared to that for the corresponding period in 2016. Based on the information currently made available, the expected increase in net loss is principally attributable to the lower gross profit margin due to stiff market competition against LNG, locally and internationally; the fluctuation of oil and gas prices at the industry low range and the overall doldrums of the oil and gas industry in 2016; the decline in other income due to lower non-recurring income; and the fair value loss on the embedded derivatives component of the convertible bonds issued by the company being recognized in profit or loss.