The board of directors of Veeko International Holdings Limited announced it is expected that the Group will record net loss ranging from approximately HKD 37,000,000 to approximately HKD 43,000,000 for the six months ended 30 September 2017, as compared to a net loss of approximately HKD 4,901,000 for the six months ended 30 September 2016. The decline in the financial performance of the Group was mainly due to the drop in sales, mostly from the Group's cosmetics business, as a result of the continuously weak retail environment with cautious consumption sentiment in Hong Kong.