King Force Group Holdings Limited provided earnings guidance for the nine months ended 31 December 2017. The group is expected to record a decrease in revenue for approximately 20% and gross profit for approximately 44% in the Reporting period, respectively, as compared with the figures recorded in the last corresponding period. The Board considers such decrease was mainly due to: (i) the decrease in the number of manned security guarding service contracts and the service fees as a result of keen competition in the market; and (ii) the general decrease in the service fees charge by the Group as a result of keen competition in the market. In addition, the Group is also expected to record a significant increase in loss attributable to owners of the Company for the Reporting Period as compared with the figures recorded in the last corresponding period. Such significant increase was primarily attributable to: (i) the decrease in the Group's gross profit; (ii) the decrease in the Group's share of profit of its associated company due to a drop in turnover and the high operating costs of the associated company; and (iii) the increase in administrative expenses, including the increase in amortisation of intangible assets, depreciation of property, plant and equipment and staff costs including share option expenses recognised for the Reporting Period.