Hung Hing Printing Group Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2018. For the year, the company expects to record a net loss of approximately HKD 70 million as compared to a net profit of HKD 1,056 million recorded by the Group last year. This is mainly attributable to the absence of an one-off pre-tax gain of approximately HKD 1,144 million arising from the disposal of a subsidiary, Sun Hing Paper (Shenzhen) Company Limited recorded in last year; decrease in gross profit margin by approximately HKD 99 million primarily related to the increase of provisions in labour benefit cost and abrupt surge in paper prices; and fair value losses of approximately HKD 46 million arising from settlement of all forward contracts for hedging against the Group's currency exposure to fluctuations in Renminbi.