Lapco Holdings Limited provided earnings guidance for the year ended December 31, 2018. For the year, the group is expected to record a loss for the year ended 31 December 2018 as compared to the net profit after tax (excluding the non-recurring listing expenses of approximately HKD 9.7 million) for the year ended 31 December 2017 of approximately HKD 1.5 million. Based on the information currently available to the board, despite that there was an increase of not less than 18% in revenue for the year ended 31 December 2018 as compared to that for fiscal year 2017, the expected loss is mainly attributable to, an increase of not less than 20% in the Group's cost of services for the year ended 31 December 2018 as compared to that for fiscal year 2017 because of higher labor costs, petrol expenses and vehicle expenses; an increase of not less than 30% in the group's administrative expenses for the year ended 31 December 2018 as compared to that for fiscal year 2017. The increase in the administrative expenses are primarily caused by the full year impact on post-listing professional expenses, higher staff costs, the increase in bank charges resulting from the review of bank facilities and surrender charges of life insurance policies.