The board of directors of the Microware Group Limited announced that based on the preliminary review of the Company's latest unaudited consolidated management accounts for the six months ended 30 September 2018, the Group is expected to record a decrease in net profit of approximately HKD 5.0 million or 32.7% for the period as compared to that for the corresponding period of 2017. The Board considers that the expected decrease in net profit during the Period was primarily attributable to, among other matters, despite an increase in revenue, the decrease in gross profit of approximately HKD 2.2 million or 3.8% due to the increase in cost of sales for the Period as compared to that for the corresponding period of 2017; and the increase in distribution and selling expenses of approximately HKD 2.3 million or 8.4% for the period as compared to that for the corresponding period of 2017, both of which were primarily attributable to the increase in staff costs as a result of the recruitment of additional staff for business expansion purpose and the increase in remuneration of existing staff during the Period.