Li Bao Ge Group Limited provided earnings guidance for the nine months ended 30 September 2016. For the period, the company expects to record a loss after tax as compared with a profit after tax recorded for the nine months ended 30 September 2015. The loss-making position for the period was mainly attributable to the I-Square Restaurant, which was closed in November 2015 and contributed an operating profit of approximately HKD 7.2 million to the group during the nine months ended 30 September 2015, did not have profit contribution to the group for the period; the Sheung Wan Restaurant and the Beijing House Restaurant, which were opened at the end of October 2015, were yet to be profitable and incurred an operating loss during the period; and the increase in listing expenses incurred by the group during the period as compared to the same period in 2015.