Elegance Optical International Holdings Limited provided earnings guidance for the year ended March 31, 2018. The board of directors of the Company that based on the information available, the unaudited consolidated management accounts of the Group for the year ended March 31, 2018 is expected to record a net loss, as compared to the profit of approximately HKD 5.6 million for the year ended March 31, 2017. The range of factors attributable to the loss includes, among others, (i) reduced revenue which is roughly 18% less than last year, (ii) the one-off redundancy payment approximately HKD 23.9 million in relation to streamline the labour force set up in Shenzhen's factory; and (iii) the enlarged general and administrative expenses for the year.