Wan Leader International Limited provided group earnings guidance for the year ended 31 March 2019. The group is expected to record a net loss not exceeding HKD 17.0 million for 2019 (as compared to a net profit of approximately HKD 11.0 million for the year ended 31 March 2018). The turnaround from profit to loss was mainly attributable to the effects of (i) one-off listing expenses; (ii) increase in the acquisition costs of air cargo space; (iii) decrease in revenue from major customers in the fourth quarter of 2019; (iv) increase in rental expenses due to the relocation of warehouses and offices; (v) increase in staff costs and benefits as a result of raises in basic salary and bonus and the addition of headcount; and (vi) an impairment loss on trade receivables.