ZICO Holdings Inc. announces earnings guidance for the fourth quarter and full year ended December 31, 2019. For the quarter and full year, the company expects to record a net loss, attributed mainly to the following factors: non-recurring loss arising from the disposal of Finova Singapore Pte. Ltd. and ZICO BPO Pte. Ltd., which were completed on 4 November 2019; the adoption of the new International Financial Reporting Standard 16 on Leases; and lower revenue contribution and earnings from capital market activities and other business sectors. Capital market activities, including initial public offerings and business advisory activities, have slowed, particularly in Singapore in the periods under review.