Global Brands Group Holding Limited provided consolidated earnings guidance for the year ended March 31, 2018. The company expected, it will record a net loss attributable to shareholders of the company for the 12 months ended March 31, 2018 of between $70 million and $75 million, compared with a net profit attributable to shareholders of approximately $90 million a year ago. The expected net loss is primarily a result of one-off impairment charges from (1) the write-off of a receivable arising from a loan made by the company and (2) impairment charges taken on various intangible assets. EBITDA is still expected to be broadly consistent with the company's EBITDA for the 12 months ended March 31, 2017.