Directel Holdings Limited provided earnings guidance for the three months ended March 31, 2017. Based on the information currently available and the preliminary review by the board of directors of the company of the unaudited consolidated management accounts of the Group, the Group is expected to record a loss for the three months ended 31 March 2017 as compared to a profit for the year ended 31 December 2016 as no reversal to the provision for impairment loss in respect of trade receivables is made in the current period. The loss was primarily attributable to the low turnover and gross loss as a result of the continuing low level in the monthly average number of activated phone numbers and airtime usage by users.