New World Department Store China Limited provided earnings guidance for the year ended 30 June 2018. The company expects that the profit attributable to the shareholders for the year ended 30 June 2018 would decrease substantially by approximately 90% as compared to the year ended 30 June 2017. Such decrease in the profit attributable to the Shareholders was mainly attributable to the recognition of (i) an estimated impairment loss on goodwill; (ii) an estimated impairment loss on property, plant and equipment; and (iii) an estimated impairment loss on prepayments and deposits.