Kingbo Strike Limited provided unaudited consolidated earnings guidance for the year ended June 30, 2018. The company group is expected to record a significant reduction in loss attributable to equity owners of the company ranging from approximately SGD 500,000 to SGD 1.8 million, subject to the review and audit by the company's independent external auditors as compared to a loss attributable to equity owners of the company of approximately SGD 39.0 million for the corresponding period in 2017. The significant reduction in loss attributable to equity owners of the company was primarily due to the combined effect of: Significant reduction in goodwill impairment of not more than SGD 1.8 million in financial year 2018, as compared to a goodwill impairment of approximately SGD 41.2 million in financial year 2017; loss from decrease in fair value of profit guarantee receivable in the amount of approximately SGD 9.0 million in financial year 2017, which was non-recurring in financial year 2018; gain on disposal of subsidiaries in the amount of approximately SGD 4.6 million in financial year 2017, which was non-recurring in financial year 2018; and gain on settlement of prepayments for acquisition of subsidiaries in the amount of approximately SGD 2.2 million in financial year 2017, which was non-recurring in financial year 2018.