The board of Merchant House International Limited expects the result of full year ending 31 March 2019, projected at this stage to be a loss of AUD 1,000,000 (USD 750,000). This compares with a profit for the same period to 31 March 2018, of AUD 1,000,000. The loss can largely be attributed to the slower than anticipated full ramp up of production from Footwear Industries in Tennessee (FIT).