Auto Italia Holdings Limited announced earnings guidance for the year ended 31 December 2018. The company announced that that, based on the preliminary review of the unaudited consolidated management accounts of the Group and the current information available to the Board, the Group is expected to record a loss for the year ended 31 December 2018 (the "Year") as compared to the audited net profit of approximately HKD 85.9 million for the year ended 31 December 2017. Such loss is primarily attributable to the decline in revenue of the car division due to uncertain economic environment and weak market sentiment.