Classified Group (Holdings) Limited announced that after preliminary review by the company's management of the unaudited management accounts of the group and assessment of the information currently available, the board of directors of the informed the shareholders of the company and potential investors that the group is expected to record a loss after tax not exceeding HKD 14 million for the year ended 31 December 2016 compared with a profit after tax HKD 2.9 million for the year ended 31 December 2015. The loss-making position for the year was mainly attributable to the increase non-recurring listing expenses incurred by the group during the year ended 31 December, 2016 as compared to the same year in 2015;. the decrease in revenue from existing restaurants as affected by the sluggish economy in 2016; and the start-up operation costs for new restaurants and central kitchen opened during the year.