The board of directors of Zhejiang United Investment Holdings Group Limited announced that based on information currently available to the Board, the group expects to record loss of approximately HKD 3.7 million for the nine months ended 31 January 2018 as compared to profit of approximately HKD 4.8 million for the nine months ended 31 January 2017. Such changes were mainly due to decrease in gross profit margin for the Group's business as a result of an increase in the overall construction costs in Hong Kong, coupled with a decrease in revenue derived from the slope works as a result of competition faced by the Group in obtaining new businesses and the completion of some government slope works projects; one-off professional expenses of approximately HKD 2 million incurred for the period; additional rent and rates of approximately HKD 1.2 million incurred in relation to the new head office of the company in Hong Kong; and non-recurring gain on disposal of property, plant and equipment and interest income of approximately HKD 2.9 million which was recorded during the comparable period (the period: approximately HKD 64,000).