Mobicon Group Limited provided group earnings guidance for the six months ended 30 September 2017. The company expected that the interim results of the group for the six months ended 30 September 2017 would record a net loss as compared with a net profit of approximately HKD 8.8 million for the six months ended 30 September 2016. Such expected net loss is mainly due to the decrease in the profit derived from the cosmetics business segment of the Group as a result of the continuous weak retail environment in Hong Kong. The Group will take an optimization approach to close down those loss-making retail stores and redeploy the resources to the profit-making retail stores.