Furniweb Holdings Limited provided earnings guidance for the quarter ended March 31, 2019. For the quarter, the group expected that the group will record a net loss of approximately MYR 1.2 million as compared to the net profit of approximately MYR 0.2 million recorded in the corresponding period in 2018. The Board is of the view that the Group's net loss for the Period was mainly attributable by the following factors: decrease in sales orders of higher profit margin products from a few major customers, which made fixed overheads of such products not fully covered by revenue; increase in cost of sales, mainly (a) raw material costs of crude oil-based yarn, chemicals and dye stuff which had not been passed on to customers and (b) direct labour costs; and increase in administrative expenses due to (i) pre-operating expenses incurred during the Period for a retail entity of the Group; (ii) professional fees incurred during the Period for the proposed acquisition of Meinaide Holdings Group Limited as announced by the company on 12 March 2019; and an increase in staff costs during the Period.