Parkson Retail Asia Limited provided earnings guidance for the financial year ended June 30, 2017. The company expects a net loss attributable to owners of the Company of approximately SGD 62 million as compared to a net profit attributable to owners of the company of SGD 30 million for the financial year ended June 30, 2016. The anticipated loss for fiscal year 2017 is mainly attributable to non-operational impairment charges on property, plant and equipment, and goodwill. In comparison, the profit for fiscal year 2016 included a gain on partial disposal of a former subsidiary of SGD 47 million.