Earthasia International Holdings Limited provided earnings guidance for the year ended 31 December 2017. The Group expects to record an increase in net loss attributable to shareholders for the year ended 31 December 2017, as compared with the net loss attributable to shareholders of approximately HKD 9.4 million for the year ended 31 December 2016. The increase in net loss in 2017 is primarily resulted from (a) the decrease in revenue by more than 20%, compared with the revenue of approximately HKD 183.8 million in 2016. The lower gross profit margin of its projects further reduces the gross profits of the Group in 2017; and (b) the relatively high level of administrative and other operating expenses caused by the increase in legal and professional expenses incurred in relation to certain acquisitions carried out by the Group during the year.