U Banquet Group Holding Limited announced earnings guidance for the six months ended June 30, 2017. For the period, Board, the Group expects to report a significant increase in loss as compared to the unaudited results of the Group for the corresponding period in 2016. Such increase in loss for the period as compared to the last corresponding period in 2016 were mainly attributable to the decrease in the revenue and increase in operating cost from the comparable Chinese restaurant operation due to deterioration in Hong Kong's retail industry in 2017, the loss of revenue during the decoration period of U Banquet Mong Kok (I) & (II) and U Banquet Wong Tai Sin in the first half of 2017, and the new restaurant located in The One, which was opened in September, were yet to be profitable and incurred an operating loss during the period.