The Sincere Company, Limited provided earnings guidance for the year ended February 28, 2019. The group will record a significant increase in loss for the year ended 28 February 2019 by not less than 45% as compared with that for the year ended 28 February 2018. Such increase in loss was mainly attributable to the decrease in gross profit of the department store operations due to the unseasonably warm winter and resulting quiet end-of-year sales period; the potential impairment on the Group's property, plant and equipment due to the operating losses in department store operations; and the increase in net realised losses arising from trading in and unrealized losses as a result of mark to market losses in the Group's investment in financial assets through profit and loss.