Century Ginwa Retail Holdings Limited provided group earnings guidance for the year ended 31 March 2018. It is expected that the Group will record a profit of approximately RMB 23.6 million for the year ended 31 March 2018 as compared to a loss of RMB 349.9 million for the corresponding period of last year. Based on information available to the Company, the aforesaid turnaround from loss to profit is primarily attributable to (i) the increase in revenue of approximately RMB 14.3 million from approximately RMB 1,144.8 million recorded for the corresponding period of last year; (ii) the absence of the one-off impairment of goodwill of approximately RMB 273.0 million; (iii) the absence of the one-off loss arising from the closure of Xinjiang Youhao Store of approximately RMB 36.0 million; (iv) the reduction in the net finance cost of approximately RMB 39.9 million from approximately RMB 136.9 million recorded for the corresponding period of last year; and (v) the saving of operating cost from closure of the loss-making Xinjiang Youhao Store and Shaanxi Tangrenjie Store.