PINE Technology Holdings Limited provided earnings guidance for the six months ended December 31, 2018. For the period, the company expects to record a net loss of approximately USD 15 million, as compared to a net loss of approximately USD 1.4 million in the same period last year. The anticipated increase in loss for 1H FY18/19 was mainly attributable to a decrease in revenue to approximately USD 63 million from approximately USD 154 million in the same period last year and a decrease in gross profit margin from 4.8% to negative gross profit margin, which was resulted from excess supply in the market and high inventory costs.