Esprit Holdings Limited provided group unaudited consolidated earnings guidance for the year ended 30 June 2018. Based on the preliminary review by board of directors of the company of the unaudited consolidated management accounts of the group for the eleven months ended 31 May 2018, the group is expected to record a loss before interest and taxation in the range of approximately HKD 2,170 million to HKD 2,270 million for the fiscal year 2018. LBIT of the group for fiscal year 2018 is expected to be approximately HKD 2,250 million, very much in line with the range disclosed in the Profit Warning Announcement; and with respect to taxation, based on assessment by the Board with reference to the full year Management Accounts, net taxation for fiscal year 2018 is estimated to be approximately HKD 328 million, mainly comprised of a write down of deferred tax assets in association with the German operations, which is a non- cash item, due to continued decline of the business in recent years. Aggregating the above items and net interest income, total net loss attributable to Shareholders of the group for fiscal year 2018 is expected to be approximately HKD 2,550 million, as compared to a profit attributable to shareholders of HKD 67 million for the financial year ended 30 June 2017.