PINE Technology Holdings Limited provided consolidated earnings guidance for the six months ended December 31, 2017. The board of directors of the company inform the shareholders of the company and potential investors that, based on its preliminary review of the unaudited consolidated management accounts of the company and its subsidiaries for the six months ended 31 December 2017, the Group is expected to record a net loss in the range of approximately USD 1 million to USD 2 million, as compared to a net profit of USD 1 million in the same period last year. The anticipated net loss was mainly attributable to a combination of three major factors: Decrease in gross profit margin resulted from surging raw material costs and rising labour costs; Additional professional expenses incurred for the placing of new shares; and Additional general and administrative expenses.