Elegance Optical International Holdings Limited provided earnings guidance for the six months ended September 30, 2017. The board of directors of the company expected to record a significant increase in the loss for the six months ended 30 September 2017 compared to the loss of approximately HKD 14.5 million of the same period last year. The range of factors attributable to the increase in the loss includes, among others, reduced revenue which is roughly 38% less than the same period last year, absence of a gain on disposal of a subsidiary; the one-off redundancy payment approximately HKD 18.7 million in relation to streamline the labour force set up in Shenzhen's factory; and the enlarged general and administrative expenses in the reporting period.