Mobicon Group Limited provided group earnings guidance for the year ended March 31, 2017. For the year, the company announced that based on the board's preliminary assessment of the unaudited consolidated management accounts of the company and its subsidiaries for the year ended 31 March 2017 and the financial information currently available to the board, the group is expected to record a net loss for the year ended 31 March 2017 as compared with a net profit for the year ended 31 March 2016. The expected net loss is mainly due to the decrease in profit derived from the cosmetics business segment as a result of the prolonged sluggish retail environment with cautious consumption sentiment in Hong Kong and slow consumer sentiment among the Mainland tourists.