Furniweb Holdings Limited based on the preliminary review of the unaudited consolidated management accounts of the Group for the nine months ended 30 September 2019, the Group expects to record a substantial decline in its financial performance and anticipates to report a net loss for the Period of approximately MYR 4.4 million as compared to the net profit of approximately RM0.7 million for the corresponding period in 2018. The Group's profitability for the Period was mainly affected by the following factors: the fixed overhead cost, marketing and distribution costs incurred during the Period from the Group's retail business (commencing operation in the second quarter of 2019) have not been covered by its relevant sales; and increase in administrative expenses mainly due to the one-off professional fee incurred for the acquisition of Meinaide Holdings Group Limited, which was completed on 28 June 2019.