Nameson Holdings Limited provided Group earnings guidance for the year ended March 31, 2019. The group is expected to record a loss for the year ended March 31, 2019 as compared to a profit of approximately HKD 327 million for the year ended March 31, 2018. Despite the group's core revenue from manufacturing of knitwear products for the full financial year were stronger, it experienced some profit margin pressure but the expected loss is attributable to an expected impairment provision on the intangible assets relating to V. Success Limited and its subsidiaries, which is non-cash in nature. The V. Success Group manufactures knitted uppers for footwear and knitted upper shoes. The amount of the expected impairment provision on the intangible assets relating to V. Success Group is arrived at on a prudent basis after considering the global economic uncertainties, fast-changing market environment and intense competition currently faced by the group in such industry. The impairment provision is estimated to be no less than HKD 500 million.