Zhejiang United Investment Holdings Group Limited provided group earnings guidance for the nine months ended January 31, 2019. The board of directors of the company announced that, based on information currently available to the Board, the Group expects to record loss of approximately HKD 7.2 million for the nine months ended 31 January 2019 as compared to loss of approximately HKD 3.7 million for the nine months ended 31 January 2018. Such changes were mainly due to decrease in gross profit margin for the Group's business as a result of a higher subcontracting rate and an increase in the overall construction costs in Hong Kong as a result of competition faced by the Group in obtaining new businesses and the completion of some government projects; and additional rent and rates incurred in relation to the office of the Company in Hong Kong and in the People's Republic of China.