Cowell e Holdings Inc. provided consolidated earnings guidance for the six months ending June 30, 2018. The board of directors of the company announced that, based on a preliminary assessment by the management of the group on the unaudited consolidated management accounts of the group for the five months ended 31 May 2018, the group may record a net loss attributable to shareholders for the six months ending 30 June 2018 as compared with a net profit attributable to shareholders for the six months ended 30 June 2017. The change is primarily attributable to (i) the decrease in sales due to weak demand in the smartphone industry during the Period; and (ii) more fierce competition from other suppliers in the market.