Grand Peace Group Holdings Limited provided unaudited consolidated earnings guidance for the first quarter ended 31 March 2017. For the quarter, the company expects to report significant increase in loss for the three months ended 31 March 2017 as compared with the results for the corresponding period in 2016. Such expected increase in loss for the Period is mainly attributable to the increase in administrative expenses of the Group, including but not limited to, the increase in legal and professional fee, the Kowloon Funeral Parlour administrative expenses taken into account during the Period and the increase in salaries and allowance.