ZACD Group Ltd. provided earnings guidance for the nine months ended September 30, 2018. For the period, the company announced the to its shareholders and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts of the group and other currently available information, the group is expected to record a net loss of not exceeding SGD 300,000 for the nine months ended September 30, 2018 as compared to a net profit of SGD 1.1 million for the corresponding period in 2017. This was mainly attributable to (i) a decrease in revenue mainly in the investment management business segment; (ii) an increase in staff costs (including remuneration of the Directors) as a result of business expansion; and (iii) an increase in other expenses such as professional fees subsequent to the listing of the company's shares on GEM.