Ares Asia Limited provided consolidated earnings guidance for the year ended March 31, 2018. The Group is expected to record a net loss for the year ended 31 March 2018 attributable to the Shareholders as compared with the net profit for the year ended 31 March 2017 which is mainly due to: the decrease in revenue during the year by approximately 20% to 25% as compared with 2016/17, primarily for reasons of the reduced sales in the first half of the financial year as reported in the Company's interim report and continued pressure on gross profit margin due to the increase in shipping costs during the year; and the absence of a reversal of the impairment loss of USD640,000 recognized during the year ended 31 March 2017 in connection with the restructuring of the coal supply and purchase agreements announced by the Group on 12 December 2016 which was credited to the profit or loss for the year ended 31 March 2017. The Company is considering taking steps for the collection of the annual minimum repayment of USD 2,000,000 from the original supplier pursuant to the restructured agreements, which fell due earlier this calendar year.