Moiselle International Holdings Limited provided earnings guidance for the year ended March 31, 2018. For the year, the Group expects to record a net profit for the year ended 31 March 2018 as compared to a net loss recorded by the Group for the year ended 31 March 2017. Based on the valuation of the Group's investment properties, the Group expects to record a substantial increase of approximately over 150% in valuation gains on investment properties as compared to that for the year ended 31 March 2017. Therefore, the Company considers that the turnaround from loss to profit is primarily attributable to the substantial increase in valuation gains on investment properties. Despite the aforesaid turnaround from loss to profit, the Group expects to continue recording a loss from operations for the year ended 31 March 2018. However, such loss from operations is expected to narrow by approximately over 60% as compared to that for the year ended 31 March 2017, attributable to a decrease in selling and distribution costs through closure of underperforming stores, store relocation and stringent cost management.